Is LKQ ready to break the Inverse Head and Shoulders pattern?
With earnings coming up later this week, July 29th 2021, it's likely that LKQ may break and confirm the inverse head and shoulders pattern it has been forming since May of this year.
A daily break and close above $51.52 would confirm that the price wants to go higher and the target for this pattern would be around the $56.92 area.
Trade idea:
* Wait for a daily break and close above $51.52 before entering
A daily break and close above $51.52 would confirm that the price wants to go higher and the target for this pattern would be around the $56.92 area.
Trade idea:
* Wait for a daily break and close above $51.52 before entering