LITE breakout watch: daily close above declining trend line; if confirmed tomorrow post-Micron earnings, pullbacks to 952 are buy opportunities targeting all-time highs over $1,100.
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Next up, guys, breakout watch alert on LIIT. Look at this push that finally put in another daily close above this declining trend line to show you guys we've been contained within this uh inclining parallel since back here in October of last year.
And you see now we've we've hit this trend line several times. Matter of fact, you can count them. Look once here to originate. 2 3 4 5 6 7 8. We're now hitting it the ninth time. now putting in a daily close.
Now, we've done this before back here on September 9th, but what's going to be the caveat or at least the catalyst to ensure that we get a breakout? It likely will come tomorrow afternoon after the close when we get that micron reporting.
So, that's another stock that relies heavily on this AI data center buildout.
Will LIT continue and confirm the breakout tomorrow? If it does, any sort of pullbacks down to X marks the spot at 952 can be a buying opportunity for price to eventually attack brand new all-time highs at this 50% area, the parallel over $1,100.
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