Trade Idea

LVLT is another trade idea on the long side, this could be a bounce like NYNY today or it could be something more substantial, I'll show you why. In either case, because of the price it is a speculative trade, however, it does have decent volume.

 Here is a 5 day chart and it looks a lot like a large double bottom with a successful test of support. One of the defining features of a true double bottom is the rounding between the lows in both price and volume which we see here. The second low did not move down to the first low creating a successful test of that low. The large volume at each low is typical and gives the rounding shape. Recently the green "up volume" has been picking up.

Here is my screen I use for moving average crossover trades, there's 3 criteria that need to be met to give a long signal. You can see in the red boxes that the crossovers would not have been taken as a long signal. However, the recent white boxes confirm a long signal. Usually I like to buy the first pullback to the 10-day moving average, but since this is so new, it may not be ready for the first pullback.

 3C 5 minute is in a leading positive divergence....

Here's a 3C 10 minute leading divergence.

These are hard trades to pick a stop out level, I would normally use the 22 day moving average but that might be a little too much risk for you. It also depends on where you enter.

All in all, due to the big double bottom,  I think this does have a shot at running in a trend.