Verified Investing on $LITE (Nov 5, 2026)
LITE is near-term oversold after a sharp sell into a Fibonacci 618 retracement and a low pivot. The speaker expects a tech bounce that may not be robust, with about an 18% pop for LITE if it fully reverses today's losses.
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Lastly, guys, into LIT, they also are reporting earnings after the bell and really not doing too much. They are up about seven bucks after hours, but as we see here, LIT can really move on the charts.
Now, if you see here down at the bottom of the screen, also under 30, oversold near-term, slammed straight into this fib 618 retrace, also has one of these mysterious low pivots on the chart.
I'm anticipating, guys, with this sharp sell as oversold as we are. I can see uh lots of these tech stocks getting bounces. They may not be the most robust, but they should be due for a bounce that can put us right into that low pivot.
About an 18% pop on LIT if and when we can get that completely reversing today's losses. Interesting to see, guys.
What this channel has said about $LITE
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