Another, ‘Repeating’ Pattern

Lattice broke out to all-time highs on its latest earnings; here, here and here.

If you believe the press, it’s ‘buy’, ‘buy’, ‘buy’ (not advice, not a recommendation).

If we look at the actual truth, the price action, we (potentially) see something else.

The chart below, shows we’re at The Danger Point®, where it won’t take much to go either way.

Lattice Semiconductor LSCC, Daily Close

At this point, LSCC is in ‘up-thrust’ position.

Being at that location, does not guarantee a reversal.

It says, we’re at the point of instability. Price action needs to decide who’s in control, bulls or bears.

Stay Tuned

Charts by StockCharts

Note:  Posts on this site are for education purposes only.  They provide one firm’s insight on the markets.  Not investment advice.  See additional disclaimer here.

The Danger Point®, trade mark: No. 6,505,279