$LAB - after hitting an all-time high of $24 on June 2nd - LAB corrected by more than 50%. Right now, bulls are trying to defend the local support range of $10.40 – $10.80, but any technical bounce back up is quickly swallowed by large limit sellers - consistently setting new local lows.
SHORT $LAB
Entry 11.85 - 12.40 - on a local technical bounce to hourly resistance
Stop 13.25
Target 10.10 - 8.80 - returning to a strong technical demand zone.
RSI on the hourly timeframe is squeezed in a neutral-bearish zone, confirming the fade...
$LAB
DYOR
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