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$LAB Recovery Hits Resistance Again
LAB delivered a strong bounce from the $11.00 support zone and climbed all the way to $16.35. However, just as buyers started gaining confidence, sellers stepped in again and pushed the price lower.
The good news is that the major support held perfectly and the overall structure remains stronger than before. The current pullback looks more like a rejection from resistance than a complete trend reversal.
Key Levels:
Support: $13.00–$14.00
Major Support: $11.00
Resistance: $16.35
A breakout above $16.35 could restart the bullish move, but for now LAB needs to stabilize after this rejection and build momentum again.
$LAB #MyGateTradeStory