LSCC daily - bullish ONLY if breakout of the symmetrical triangl

22 Oca 2023

LSCC is a bullish/strong fundamental stock therefore would be tarded only on a long position

LSCC daily is in a symmetrical triangle which if breakout accused would be pretty bullish. The issue is on 18 Jan we had a shooting star reversal candle, and then the next day a red candle to confirm it which is bearish.

LSCC is above all major MA which is bullish.
Volume is smaller on the last trading day of the week than on the two days before it when the price drop therefore it is more bearish than bullish.
RSI is neutral.
MACD histogram starts to tick lower while the MACD line and signal lines are still bullish.

Overall: LSCC if breakout out of this symmetrical triangle would be very bullish. But it needs to break out of it in the next several days otherwise pattern will fail due to the lack of place inside of it. Also, the breakout must be on a much bigger volume than on Friday for example. If LSCC doesn't find enough buyers pattern will fail and we could see LSCC in a few weeks of consolidation levels.
Long trade will be triggered if it breakout of a blue dotted line.

23 Oca 2023

Not

Didn't enter in trade, no volume for confirm price movement!