Ever since the Muddywater news drop and recovery, LK had been consolidating right under 39 before recently breaking out. LK had been holding above the rising 50MA indicating strength. On 2/13 and 2/14, LK made two inside day candlesticks in a row and formed a coiled spring on the 30m timeframe. This is an indication of future volatility and a possible breakout. My gameplan was to go long on 2/18 when LK broke out and above 39.
Entry - 39.93
Stop loss - 37.33
Target - 50
Entry - 39.93
Stop loss - 37.33
Target - 50
评论:
30m timeframe
