Replies to post #40656 on lowtrade

[Nefyn]

LVGI looks good, needs to close at or above 13 and break thru 15 imo. good luck.

[lowtrade]

LVGI

Either I'm looking at the wrong chart or have you ever heard about the high risk level, of trying to catch a falling knife. I teach buy after, not before reversal. That low risk trading style involves buying up trend, not during down with expectations of that change.
http://stockcharts.com/h-sc/ui?s=LVGI&p=D&yr=0&mn=3&dy=0&id=p59947783250

Also the 4 day, gap filling retrace has just reached 61% FIBs. Creating 2 resistance levels above to break, before reaching the hardest to break third, top resistance before continuation.

In an un-manipulated play, odds are against that happening. So your betting not only on a reversal, not seen. But manipulation carrying price past top resistance again. All HIGH risk Low odds before any reversal is seen.

Good luck