LTNC broke out on the alert and has consolidated the last two days.
Looking at the hourly chart we find what is considered a highly reliable reversal candlestick pattern in the three white soldiers.
With the indicators also suggesting a turn upward in price, LTNC should see another breakout here tomorrow!!!
That being said, if you have not taken a position already or even if you have, though this candle pattern has a high percentage reversal rate we still are looking for a confirmation on the open.
With the hourly chart we want the first hour of trading to close with a white candle which means no lower than .71 or a gap up on the open may serve as confirmation.
Be carefull on the gap senario.
Here's the chart!