Stock Analysis: Laboratory Corporation of America Holdings (LH) – 212.24
Trade Details: Stock is trading in a channel and and preparing for the breakout. Currently trading at the lower trendline support and after the upper trendline breakout this will shoot up very quickly towards higher levels.
RSI is also trading in a flat zone and preparing for the next higher levels towards 70-80. Keep the stop loss strict at 210 and hold this trade for bigger targets up to 230 level with trailing stop loss.
Risk Reward is also very good of more than 1:5. Keep trailing your SL for higher chances of profit.
ENTRY = 213.50
STOP = 210
TARGET = 221 / 228
Please Note: If it breaks down the lower yellow trendline then must exit with low amount of risk otherwise it will fall down further.
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