LIT is in potential breakout mode; confirmation requires a follow-through push higher tomorrow, with a retest of the trend line as a buy setup.

Next up, we've got LIT on the opposite end of the spectrum putting in a potential breakout candle today. You can see yesterday attempted for a breakout, but by the time the closing bell rang, we actually pulled price back down underneath this declining trend line.

This trend line, I mind you, it's just taken from pivot high to the very next significant pivot. And that illustrated the uh price action resistance on uh uh the chart yesterday.

Now, today we're actually accelerating up above this declining trend line. This would only be the first day closing above this trend line. If in fact that does happen, that trend line basically is at today's lows at 97869.

Then the work is still set for LIT. This isn't just a breakout and blow past everything. We need to then follow it up with another push higher tomorrow. If we're able to do that, any sort of return back down to this declining trend line could be a buying opportunity for a resumption of momentum.

The one problem with this, we're not overbought nearly at 61.63. But 70 is that threshold.

All right. So, if we were to continue pushing up, we're going to bubble up against that 70 threshold, potentially pierce this 50% area, the parallel, come in contact with the high here, $1,50, and then I see price could give us that opportunity to come back down to this trend line right around $970 for the then following bounce on the chart.

Still more work needs to be done, but at least put this on your radar. It is in potential breakout mode. Certainly breakout watch today on LIT on the daily time frame.