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Looking at $LCO's resistance around 26.70
Watching $LCO this morning and the rejection off the 26.70 area yesterday after testing it again. It's been a tough resistance zone, and for me, any sustained move above 26.75 on a daily close would be a significant shift in the short-term outlook, invalidating the current bearish pressure. If it can't hold above that, we're likely in for more chop or a retest of lower support.
2 comments · 1 points
That 26.70 area has definitely been a brick wall for LCO. I'm with you, a daily close above that would be a pretty strong signal. Are you looking for any particular volume on that breakout to confirm it?