After successfully breaking through the resistance area, LPT price gained more than 50% and formed an ascending channel on the 4-hour time frame
If LPT fails to recover during the retest phase and Channel support turns out to be weak, this could signal that things will enter a bearish trend. In such a scenario, the ascending Channel pattern will fail and LPT may continue its downtrend and move towards the demand area around $15-16.75.
Considering historical price behavior, LPT has previously shown strong bounces when it reaches the demand area.
The investment information and comment recommendations contained herein are not within the scope of investment consultancy. The comments and recommendations contained herein are based on the personal opinions of those who make comments and recommendations. These views may not be appropriate for your financial situation and risk and return preferences. Therefore, making an investment decision based solely on the information contained herein may not produce results that meet your expectations.
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The investment information, comments and recommendations contained herein are not within the scope of investment consultancy. The comments and recommendations contained herein are based on the personal opinions of those who comment and advise. These views may not be suitable for your financial situation and risk and return preferences. Therefore, making an investment decision based solely on the information contained herein may not yield results that meet your expectations.
