LOCK broke out of a 1st stage flat base with a classic pivot at 17.99 on 12/29 on volume that was over 250% above average.
LOCK has also been trading in an ascending channel since June. Today it is hitting the upper channel line and is finding resistance along it.
With the 10ema rapidly rising, it gives the 17.99 flat base pivot a better chance of turning into a near term support level. The 21ema is approaching the advanced pivot of 17.60 which will help provide added support there should support at the classic pivot falter.
LOCK has also been trading in an ascending channel since June. Today it is hitting the upper channel line and is finding resistance along it.
With the 10ema rapidly rising, it gives the 17.99 flat base pivot a better chance of turning into a near term support level. The 21ema is approaching the advanced pivot of 17.60 which will help provide added support there should support at the classic pivot falter.