LRN is setting up in a textbook breakout pattern. Sales up huge with gains of 44%, 46%, 52% and 48% in each of the last four quarters respectively.
Notice the pullbacks getting shallower from left to right. This is a sign that profit-taking is drying up and fewer shares are being offered as the stock trades from weak hands to strong ones.
The volume contractions in the tighter range confirms this further.
Monday's selloff likely shook out the last wave of weak-handed holders which will only strenghten this setup.
Consider buying new highs above 35.96 with a stop below the most recent swing low.
Notice the pullbacks getting shallower from left to right. This is a sign that profit-taking is drying up and fewer shares are being offered as the stock trades from weak hands to strong ones.
The volume contractions in the tighter range confirms this further.
Monday's selloff likely shook out the last wave of weak-handed holders which will only strenghten this setup.
Consider buying new highs above 35.96 with a stop below the most recent swing low.
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Aviso legal
As informações e publicações não se destinam a ser, e não constituem, conselhos ou recomendações financeiras, de investimento, comerciais ou de outro tipo fornecidos ou endossados pela TradingView. Leia mais nos Termos de Uso.