LITE buy off the inside day

9 במאי 2020

"NASDAQ:LITE"]NASDAQ:LITE Great fundamentals with it being ranked 1st in its group. It broke that 82 resistance prior to earnings and failed but looks to be setting up again off earnings. It did miss guidance as that's the case with a lot of companies right now but it has demonstrated great growth if you look at the weekly and monthly. It has had three inside days in a row which is a sign of sellers and buyers reaching a state of equilibrium with a bullish close on Friday. I'll be looking to start a half position through 82 against the 20 day MA and scale my second half into it once it proves itself.