WilliamL
Panjang

LEA, nice double bottom

NYSE:LEA   LEAR CORP
27 0 2
Hey guys, so LEA has great long term bullihs trend and was consolidate for a few weeks ( distrubition phase) with low volume and today it broke out with good volume and there was a nie gap at the open also. The candle finished strong and i bough it at the end of the day. Also yesterday people were trying to sell from the the resistance so all these people who sell at the resistance were trapped... and that cause a buying pressure and this is where i got in at the end of the day Also,if you look at the chart, we can see a nice double bottom , that breaks from its neckline ( the green line). All the downside line in blue that i putted was to show that these people were trapped and they probably got stopped ( red line) and that makes them buy the stock to close their position.
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