
THREE WORDS: OVERSOLD. OVERSOLD. OVERSOLD.
13.24 to 8.93. That's a 32% plunge. RSI at 26. Volume is increasing as price drops. That's panic selling. And panic selling creates opportunity.
I've seen this pattern before — sharp drop, high volume, extreme RSI, then a violent bounce. LAB is setting up for exactly that.
I'm watching 8.80. If that holds, the first target is 9.40, then 9.90.
My plan:
If 8.80 holds, look for entries between 8.80 and 8.95 with targets at 9.40, 9.90, and 10.50.
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