#LAB – Distribution near range high
Short bias on $LAB near top of range
Entry: 0.37 – 0.39
SL: 0.41
TP1: 0.36
TP2: 0.345
TP3: 0.33
LAB has run well above its longer MAs with RSI in the mid 60s, but MACD momentum is flattening. That often lines up with distribution near the prior high, where late longs get stuck as price grinds back into the middle of the range.