Buy Lumentum on Monday; target $1500 by year-end due to confirmed breakout and measured move.

I would like to talk about " Lumentum Holdings" company, about its advantages and disadvantages . I don't think I know either of them . Yesterday, Thursday, this stock was making a leap,

So, I looked at it and it was a hack, and I said to my members, "I usually like to buy this, but I don't like buying hacks like this on a Friday, because they usually don't work at all."

Anyway, I said, " No, we won't do that today." So, I completely missed the deal yesterday, and look what the stock did today.

It has been proven that if I had done yesterday what I wanted and what I should have done, we would be making money now. But here's the thing. Today, I think we have a very good chance, and here's why.

So, this is day two here. Yesterday , Thursday, was a day of high trading volume. Today was a day of confirmation, because you can see how the stock traded throughout the day.

Well, that was the big move yesterday. It ended by 11 o'clock. For the rest of the day, the stock moved sideways as stocks usually do in the middle of the day.

And today, boom, it rose again. The arrow was launched at 10:00 . I don't know what the hell he was doing for the first half hour, but who cares? I didn't buy it.

In any case, the stock rose here and then moved sideways for the rest of the day . If this had been a failed breakout, you would have seen the stock start to fall below its volume-weighted average price , but you didn't .

In fact, it was stronger today if you only look at the VWAP index. He was actually stronger today than he was yesterday.

These small green dots here, this is the TTM squeeze indicator. It's just my own program to display this, but you can get pretty much the same thing on any platform.

But what's interesting here is that the arrow moves sideways. We will add post- closing trades, and it is still moving only sideways. So, what are we going to do about this on Monday?

Well, that was a very big pattern here. It had been moving sideways for a long time, with the exception of that big jump in late July, which eventually tested the 200-day moving average and passed the test.

Well, it dropped 44% from peak to trough. But it dropped by $477. So , what I tend to do in such matters is to look and say, "Well, that was the length and depth of that pattern ."

"So, we're now back on the rise here." Okay, we're back here now and I'm going to start this measurement from here. Let's see how high we can rise. What a shame. This is not enough.

Let's pull this down a little. 477, let's be conservative and say 437%.

Here's the deal. This is my goal. 1500, my goal is $1500, and that's by the end of this year. This is how I will handle it. We will enter into this deal on Monday, hopefully. Even if there is a slight decline.

It would be good if, after a few days, the stock pulled back to give us a better entry point, but if that doesn't happen, I'll enter anyway and take full responsibility; it's my fault. I should have let you all in on Thursday.