LLNW trying to spring out of a base


January 2021


Alex Cole

In our Flight Path newsletter earlier in the week we highlighted LLNW as a small cap tech stock that looked to be forming a base.

The “Go” flag appeared on the 20th of January and it has rallied since then.  The last two days of the week saw a tumultuous end as Thursday’s strong day saw price push almost through the entirety of the gap but Friday saw it retrace sharply. 
We will look to see if the GoNoGo Oscillator can find support as it nears the zero line.