(US) LPX VCP Setup Follow Up
LPX previous breakout from C3 early Oct is unsuccessful where price sell down back.
This sell down created C4. This 2 day price shown strong recovery after ER release.
C1: -31%
C2: -10%
C3: -6% (unsuccessful)
C4: -13%
Tomorrow will be the dividend ex date and let's monitor the movement. Might form a small handle first before attack.
Disclaimer:
Not a buy call recommendation, just sharing on chart pattern formation based on my personal experience. Trade at your own risk.
This sell down created C4. This 2 day price shown strong recovery after ER release.
C1: -31%
C2: -10%
C3: -6% (unsuccessful)
C4: -13%
Tomorrow will be the dividend ex date and let's monitor the movement. Might form a small handle first before attack.
Disclaimer:
Not a buy call recommendation, just sharing on chart pattern formation based on my personal experience. Trade at your own risk.
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