After the earnings release, LCI fell off the cliff and recently found its ground at the 46.50 support level. Waiting for a slight pullback before entering long. Reasons to go long are quite simple:
- Bullish up trend.
- Price rejects the 46.50 support level.
- Consistent growth of EPS over the last 6 quarters.
- Bulls that have bought on earnings day are squeezed.
- Bullish up trend.
- Price rejects the 46.50 support level.
- Consistent growth of EPS over the last 6 quarters.
- Bulls that have bought on earnings day are squeezed.