Liberty $LBRT falls past first previous low stop; SUPPORT?!

29 thg 10, 2020

LBRT re-tested a previous trough @ 6.44. It found some good support at that line, but it is now starting to dip below it. We are thus targeting 5.6/s as the rough area for it. Considering a top out was previously called at 10.44... this is a 100+% ROI on a mega-long-swing. That said, be patient w/ entrance and also with exit -- if you like "quick results," this isn't your play.

See also the related idea wherein these entry points were first charted (more of a Proof than any reason to really read it - most of the same things were just said here, but it's an update).

HAPPY TRADING, Bears & bulls!

(I am a bear today anyway)

-BDR

29 thg 10, 2020

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The fall is mostly approximate at this point...

6.4 is a strong support level, but we'll let this play out through at least the rest of the trading week before any re-entries.

29 thg 10, 2020

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Re-entered at 6.60. Any trace to the bottom low will just be an "oh well" since the correction to true value may take "A BIT" at least

29 thg 10, 2020

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1/2-exit at 8.4/s will be executed with the second half waiting on the fuller correction after it meets the resistance it likely will at that level..