Ollie ... If I've got the count right ... this is now the second up leg, or leg three of a five leg cycle. I note that all the stochs started to show positive divergence recently and the volume for LOK on Fri in Oz confirmed it for me so I added at close. This was one example where it would appear Oz lead the US. I know things feel bad in a fundamental sense ... but what more bad news can there be? I see a huge gap above and a chart that says things are getting more interesting.
Stick volume on this and you'll see how the volume is building lately.
The way I trade this is simple ... buy low and when in profit stick a stop on it to lock in profits. I suggest you could do the same if you have any concerns.
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