LABS- Neutral bearish here. After a nice run up. I significant level has been broken and she has come. I see several levels of strong support below but there are also several gaps below if you believe in gap fills. It also looks to be forming a possible Head and Shoulder pattern but needs to range the right shoulder to confirm. MACD also has lots of room to the downside if it wants to based on a historic bottom level. Overall. I think that it is possible that money moves into cheaper up and coming plays. Only time will tell as the stock market has a mind of its own and this thing could rebound off of any support level and go blue sky again. However, at this present time im undecided, on the sidelines and neutral bearish for now!
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Shaping up
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Beautiful bounce off of a major level
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Still doing its thing just as I kind of imagined.
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Still trading sideways
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Sorry, i forgot to update this. I have updates on twitter. I made an entry after the double bottom june 25th and was stopped out for a nice gain on July 8th.
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Shutting this beautful chart down now that it has moved to the TSX
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dafster