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$LAB – Bullish daily trend intact with compressed volatility presenting squeeze opportunity
Trade Setup: Long $LAB
• Entry Zone: 9.37 – 9.45
• Target 1: 9.70
• Target 2: 9.89
• Target 3: 10.17
• Stop Loss: 9.03
The 15-minute Relative Strength Index registers at 47.7, maintaining neutral territory rather than oversold, indicating the dip has yet to exhaust. The daily trend retains a bullish posture while Average True Range volatility is compressing. The entry band spanning 9.37 to 9.45 presents a low-risk squeeze zone ahead of the next leg higher.
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