LDX looks to have been forming a Golden Cross (50-Day EMA about to cross above the 200-Day EMA) for a while which is generally a long bullish move!
MACD and RSI however, are bearish. The RSI, which is in sync with the 200-Day EMA and Bollinger Band support line, will need to respect the past support line to stay afloat.
This is not to say that the price is not going to fluctuate in its normal ranges. If you look at the price action historically, it has been respecting the Bollinger Bands quite well and stayed within a specific range.
If price action bounces of the Bollinger Band/200-Day EMA, then the Golden Cross might continue to play out and it might have a solid breakout!
GLTA & DYOR
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