LITE is showing a classic Bullish Flag. Don't miss the move.
Bullish continuation if preceding move was up.
Reversal pattern. Price likely to break downwards.
Technical analysis of Lumentum (LITE) reveals a significant setup. With a last close of $852.79, volatility remains active (-2.11%). Price action has carved out a classic Bullish Flag. The trend indicator is reading 8.8/100, suggesting moderate momentum. A potential breakout level is identified at $960.0, targeting $1602.56 with support near $767.01 (R:R 3.33).
What is your outlook on LITE?