Post by
drbob512 on Jun 10, 2020 8:28pm
T.A. for LVGO Wed:
At today's close of 63.87, LVGO had a new all time high closing price. Daily stochastic crossed up while MACD is slightly crossed down but improved. Intraday high of 65.94 was also an all time high. If LVGO can have follow thru tmrw, it will confirm a new leg up and a blue sky breakout which can result in a 10-20% price increase from prior high of 64.44, in 2-3 mos. First things first: follow thru this week is what bulls want, and bears have their work cut out now Parabolic SAR is very positive on dailies and weekly indicators & trend patterns are bullish. Daily & especially weekly pattern looks like a bull flag and a follow thru day tmrw or Fri would confirm that flag, which has implications of much higher prices. Swingtradebot keeps rating at A and ADX and trends ST IT are Up and bullish. Telehealth sector is alive and well as indicated by LVGO & TDOC & ONEM today. Hard to find a company with higher growth rate or larger TAM than LVGO. This company succeeds as both a Covid 19 company and as an Opening nonCovid. 19 company. And growth stocks are regaining favor again..