LUNC has overall been going down since September last year. Even when the whole market pumped this year, LUNC is now trading ~23% below the 2023 open, which is a negative feat in itself!
As seen on the chart, there's a massive diagonal resistance that keeps LUNC from doing anything bullish. As long as we're below this line, nothing of importance will happen.
Wait for a break out through the resistance. As soon as we get one, things can get interesting. Note that it can take a while before the actual break out will occur.
As seen on the chart, there's a massive diagonal resistance that keeps LUNC from doing anything bullish. As long as we're below this line, nothing of importance will happen.
Wait for a break out through the resistance. As soon as we get one, things can get interesting. Note that it can take a while before the actual break out will occur.
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