Thread by @malteseinvest

Analysis: #NASDAQ $LCA

Case 463 #Landcadia Holdings II. Inc.

DISCLAIMER: The analysis is strictly for educational purposes and should not be construed as an invitation to trade.

#LCA 1/4

Chart 1
Weekly Chart: The correction lower seen in July - Aug. 2020 failed to fill the gap by 1.11. The rebound has been strong with good #momentum. Price needs to close/hold above 16.36 to to target 19.27 then 22.22 and .....

LCA 2/4

..... must not close below the #Fib. 0.382 at 14.37 as this would target block #support at 13.22- 12.16. The balance point at 11.31 must hold.

LCA 3/4

Chart 2
Daily Chart: The #SMA 200 at 10.82 in close proximity with the Fib. 0.786 at 10.74.

The #Strategy is printed on the image.

$LCA 4/4

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