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Is this about to blow or did I just miss the local top?
$LAB is looking absolutely insane on a daily basis. We just tagged 0.97 and got a pretty sharp rejection, which isn't surprising after a vertical move like that.
Volume is still massive but that upper wick is a bit of a warning sign. I’m watching the 0.86 level closely to see if we flip it into support or if we need a deeper pullback to catch our breath.
If we hold here, a second attempt at $1 is definitely on the cards. If not, I’ll be looking for entries a bit lower down.
Keeping it on the watchlist for the next few hours. Stay sharp.
#WCTCTradingKingPK