Is Live Ventures Taking Notes From GameStop?

Let's see what we might glean from the charts.
Stocks quotes in this article: LIVE

Live Ventures (LIVE) engages in the provision of online marketing solutions for small and medium business. The shares have soared, pulled back and soared again in a matter of a few days. Sound like other stocks in the news today? 

Let's see what we might glean from a couple of charts. 

In this daily Japanese candlestick chart of LIVE, below, we can see how prices exploded higher with a huge price gap and heavy volume. Prices corrected lower over the next seven sessions before rallying strongly Tuesday. 

 
In this daily Point and Figure chart of LIVE, below, we can see a price target of $43 being projected. 
 
 
 
Bottom-line strategy: There are more than 60,000,000 citations on Google for "Live Ventures stock." I have no recommendation on LIVE but just an observation that stock trading has taken a bad turn recently. Call me a dinosaur.
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TAGS: Investing | Stocks | Technical Analysis | Technology

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