$LABU I haven't posted a chart on LABU for some time.. but today, at this moment something notable is happening.. LABU is both hitting long term resistance that has held price action beneath it for several years as can be witnessed on the upper left side of this chart.. the other thing of note is that it's testing a very strong level as well $55.20 which has provided me some amazing trades. it's important to keep an eye on this cause it may cause a reversal of the recent uptrend swing since the start of October.. but more exciting would be a breakout.. What I suspect will happen is that it reverses the trend in a pullback but has another try at the long term resistance and possibly breaks trough.. we are far from the recent uptrend support trend line so there is a few weeks for this to happen before breaking the short term uptrend.. Keep an eye on it
  • 10