LIGHTWAVE LOGIC INC. (NASDAQ: LWLG) Breakout Swing Trading Momentum Idea

TRADING IDEA (Momentum Swing Trading Breakout)

Lightwave Logic, Inc. is a development stage company which engages in the commercialization of electro-optic photonic devices. The company is headquartered in Englewood, Colorado and currently employs 19 full-time employees. The company went IPO on 2003-02-13. Read the full profile here.

STRATEGY

Breakout Swing Trading Idea

1. clean breakout during last trading session, bullish bar closed near the high of day (+6%)
2. ascending triangle completed
3. strongly increased buying volume
4. closing price above current daily resistance level
   

Last earnings: 2022-08-09

Next earnings: unknown

ACTUAL SETUP

• Buy Stop | $12.26
• Limit | $12.38
• Stoploss | $11.08
• Target | first and second target area on weekly chart
  
  

ADDITIONAL INFO/TIPS

• Use our ChartMill Postion Sizing Tool to calculate the maximum number of shares you can buy, depending on your available capital!
• Why using Stop Limit Orders?

Disclaimer: These trading ideas are merely to demonstrate what ChartMill is capable of and shows some typical results of a breakout filter. It is in no way actual financial advise to invest or trade in these stocks. The author has no pre-existing position in any of these stocks.