LITE is showing a classic Diamond. Don't miss the move.
Indecision. Widening then narrowing range.
Traders are watching Lumentum (LITE) as price action tightens. Price has moved to $850.0 (-2.3%) amidst recent volatility. The primary technical feature is a Diamond formation. Buying pressure is average relative to the 20-day average. A potential breakout level is identified at $776.01, targeting $466.34 with support near $930.85 (R:R 2.0).
What is your outlook on LITE?