Best stock to swing trade this week is Lumentum Holding (LITE).
Trade Details: On the monthly chart, LITE continues to create higher highs and higher lows, signaling a strong uptrend. The weekly chart shows a test of the demand zone (support), indicating a potential continuation of the buy trend. An incomplete harmonic pattern, combined with the recent weekly candle’s collection of retail stop losses and ultra-high volume, suggests a bullish move. We’re planning a buy trade targeting the next resistance level.
Note: If the price breaks and closes below $35, this bullish setup is invalid.
Buy Swing Trade Idea:-
Entry Range: $52 – $42
SL: $38.30
Target: $70
Best stock to swing trade this week 2024.
Note: Always remember: risk no more than 1% per trade.” Keep trailing your stop loss to secure bigger profits.
Please note this is only an opinion and not financial advice.
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