Technical traders love it when a stock fills a previous gap. It seems to bring 'closure'.

Lendlease has been in a short to medium-term uptrend, making consecutive higher lows and highers highs since early October.

Swing traders will likely be getting signals for a potential long on LLC, so this trade is to take advantage of that opportunity.

Should the trade hold support at these levels and bounce, then it has the potential to form a new lower high, which is why the profit target is set where it is. If the market does bounce and you believe there is more upside to it, then you could trail a stop to see how far it goes.

LendLease Group long trade on support & has filled the gap

Dec 20 2020

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