How Verified Investing’s view on $LITE changed

Next up, guys, breakout watch alert on LIIT. Look at this push that finally put in another daily close above this declining trend line to show you guys we've been contained within this uh inclining parallel since back here in October of last year.

And you see now we've we've hit this trend line several times. Matter of fact, you can count them. Look once here to originate. 2 3 4 5 6 7 8. We're now hitting it the ninth time. now putting in a daily close.

Now, we've done this before back here on September 9th, but what's going to be the caveat or at least the catalyst to ensure that we get a breakout? It likely will come tomorrow afternoon after the close when we get that micron reporting.

So, that's another stock that relies heavily on this AI data center buildout.

Finally, I'd like to mention LITE, which has started to make a bit of a splash here. It has broken below last week's lows here, and is steadily approaching the key 840 level. A small, good price gap that was filled by the decline.

But we do know that LITE has seen a strong rebound since its lows here in July. The price has increased by more than 72%, which is amazing. The reason I'm monitoring this level closely is because there's a strong upward trend line.

Breaking through this line and then confirming below it suggests a move closer to the $750 area, which is the price I am targeting for a possible technical bounce in the near term.