$LABU - RC -
Added 2024-08-28 17:37:14 +0000 UTC$LABU's ascending triangle breakdown at the start of August with the market sell off has caused some concern here on the chart but there is still a lot to be bullish about here
Price is back above the ascending triangle
Held on the 200 Day MA and bounced
Above the 50 Day MA too.
Another retest of the ascending triangle top line at $126, which is also the 50 Day MA would confirm to me that this level is now a support level and it can move higher to our targets and the 1.618 Fib at $219
Comments
LABU is testing the wedge again at $126 but is now below the 50 DMA. Should one wait for the 50 DMA to be converted to support before adding or is a successful test at $126 enough?
MK
2024-09-10 22:00:18 +0000 UTC
