Do you hear a loud flushing sound? LTC Volume Pocket!
A clear uptrend remains in play assuming we sustain above the 201 level. The bigger story is the massive volume pocket between 152 and 217. Only a sustained breakout above 152 will tell us we've vanquished the dreaded blue volume pocket in the mid-range. A sustained breakdown of 201 may confirm that the gravitational strength of the volume pocket will retrace us previous areas of higher volume, giving us a chance to build support in the mid-range and for longer term gains, which is healthy for LTC. The daily MACD indicate a bearish direction in the near-term which will be confirmed by a breakdown to the 175 range while the four hour MACD shows we may bounce up the trendline a 201.
Penafian
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