Lumentum's weekly chart shows a bullish pattern leading to higher prices; speaker recommends owning the stock.

So, let's talk about Lumintum here. But, in a note, I admitted my mistake and said, you know, I was trading this stock incorrectly. I was trading it in a price channel, and it was a volatile channel, which is exactly where bulls and bears are happy to kick you out of the market. So, I haven't traded this stock very well,

but what I'm doing now is looking at it, and that's my entry level. This will be my stop-loss level here below. I see this as a beautiful pattern that will lead to much higher prices, but I am actually relying on the weekly chart here. This is the graph that seems logical to me.

The company will not announce its earnings for another month, so it has several weeks ahead , but I see this stock emerging from this volatility pressure and starting to rise .

So, this is my way of trading, and it really isn't just a regular deal. It gives the stock plenty of room to do what volatile stocks do. As you know, volatile stocks are bound to fluctuate.

So, I want to give this stock some room to move, but ultimately, look, by all the metrics I see, this stock is on the rise. We have very good pressure standards here. It only moves upwards, so I want you to be in it, whether you put your stop loss where I put mine or keep it at a narrower level. Your deal, your money, and your stop-loss.