Lamb Weston (LW) on watch for breakout
If you are a fractalist, you will express alarm at the current pattern. Looks a lot like 3/2020. But that was COVID, we don't have COVID today (not to say we won't have a new Black Swan, but who can predict?). Here's what I like about this chart: it is showing a high and tight flag, which has broken the old pre-covid high of 3/2020. High and tight flags are beautiful, because a breakout leaves nothing but buyers above.
I am putting this on watch, and a break above 100.22 and hold, and we could be looking at a high and tight flag breakout. Lamb Weston makes frozen taters, and I love taters!
I am putting this on watch, and a break above 100.22 and hold, and we could be looking at a high and tight flag breakout. Lamb Weston makes frozen taters, and I love taters!
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