LDK headed to 6.4

LDK headed to 6.4

A reader requested a chart for LDK:

LDK looks primed to break out. LDK has a big gap to fill between 7.2 and 7.8. It has successfully held support at 6.4-6.6 range. My worry here is that the chart pattern looks like a perfect bear flag and LDK could break to the downside instead of the upside.

support=6.4, next support=5.6.

I would place a tight stop at 6.8 for a long play. If LDK breaks on volume, then I'd turn around and short LDK instead.

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