Hi @Telluride - I went to a weekly chart on LCD to have a really good look and it could be at a bit of a crossroads. On a daily chart it is not overbought as yet and a few days back bounced off the 200 ema so it appears to be quite a good uptrend so far.
I have to go back to the weekly though as it shows just where I'm a little bearish on it - as I've noted on the chart - 25 is a big level with a fair bit of history but as they say "resistance is there to be broken".
And just for a daily perspective even if there is a pullback the underlying trend appears fairly well intact so far.
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- Day Trader’s Weekend Aftermarket Lounge 26-28 June 2020
Hi @Telluride - I went to a weekly chart on LCD to have a really...
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