The perfect set up for a Bullish Gartley pattern, currently completing its formation.
LEDS was undergoing a price correction this week, due to the overbought status from the previous week where we saw a breakout. We also saw an earnings report, which helped fuel the overall bearish sentiment and pushed us below the $15 mark.
I have been watching this once closely, and we seem to have potential for another trend reversal towards the $18 - $20 mark.