This stock appears to have made a 1-2-3 bullish reversal over the course of the last seven trading days. A 1-2-3 bullish reversal is equivalent to a double bottom with the second bottom higher than the first. In the case of LINE, the first bottom is $10.9/share. The peak between bottoms is at $14.5/share and is also the price that will be used to signal a breakout. The second bottom is $11.72/share. The closing price today is $14.72/share signaling a breakout. The expected target price is about $17.5/share. Definitely, a short term play for now.
