View: slopechart_LMB.jpg
slopechart_LMB.jpg
LMB - Three red lines of wipeout begun two weeks ago - still looks poised for more downside. Red and green horizontals
represent top and bottom of Ichimoku cloud.
Note the negative divergence of MACD begin mid May. Further note that its red line is now trying to cross above its green. Would be uber bearish if it fails to do so Under the zero line.
Comments
Tim Knight
LMB monthly.
Courtesy of TheBearCave, Spruce Point Capital said it "“developed concerns over the company’s aggressive accounting practices” and stated “the market is overlooking increased competition from private equity-backed platforms.... and "the company has “20% - 50% potential long-term downside risk.”
Courtesy of TheBearCave, Spruce Point Capital said it "“developed concerns over the company’s aggressive accounting practices” and stated “the market is overlooking increased competition from private equity-backed platforms.... and "the company has “20% - 50% potential long-term downside risk.”
Better chart.
