Post by
drbob512 on Jun 04, 2020 6:53pm
T.A. for LVGO Thurs:
Price fell 7% to 57 1/3 rising 6% ystrdy, so very disappointing action when it had a chance to follow thru but fell sharply instead, and on moderately heavy volume. SP is now at middle of Bollinger Band and at the 20dma. Swingtradebot dropped rating to B & shows ST trend as Down. Parabolic SAR remains far below, at 48, so that rwmains bullish & likely to stay bullish for weeks. Daily stochastic crossed down= negative change. MACD got more negative, crossed down more. Choppy action. To be fair, many other growth stocks dropped today, (in favor of laggards & opening up" stocks) incl telehealth stocks like TDOC ONEM so LVGO was not singled out. But this wk now means LVGO has gone sideways in consolidating for 4 wks in a row after its huge run from the 20's to 64.44, so it is digesting its gains as new inestors buy shares that profit takers are selling. Stay at home stocks are out of favor of late & LVGO gets lumped into that group despite its growth not being dependent on that policy. LVGO has the potential to be a multi-bagger in the next 2-3 yrs for patient investors, imho, dyodd..