As of May 22, 2026, LITE (Lumentum Holdings Inc.) is in a parabolic state on the weekly chart, with a confidence level of 72%. Key support is at $880 and key resistance at $1040. Weekly uptrend with accelerating HH/HL; price ~$946 pulled back from the ~$1,000-$1,040 spike while staying well above all key MAs; RSI-14 ~75 (overbought/extended).
Bullish continuation after a controlled pullback/consolidation (Elliott: wave 4-style pause) holding above prior breakout support; then another push higher (wave 5 extension). Rough probability 60%.
Deeper mean-reversion/volatility shakeout from parabolic conditions (failed breakout): loses the ~$880 area and retraces toward the rising EMA20 (~$722) / prior demand shelf before attempting a new base. Rough probability 40%.
Weekly close above $1,040 with follow-through higher high
Weekly close below $880 (breaks the last clear swing-support zone and signals deeper mean reversion)
Zones align with likely wave-4/mean-reversion supports: prior breakout shelf (~$760-$820), EMA20 (~$722), and deeper Fib retrace area (~$600) if volatility expands.
Parabolic extensions typically mean-revert; trimming into new highs/round-number resistances and Fib extensions reduces drawdown risk while trend remains intact.
As of May 22, 2026, LITE (Lumentum Holdings Inc.) is in a parabolic state on the weekly chart with 72% confidence. Weekly uptrend with accelerating HH/HL; price ~$946 pulled back from the ~$1,000-$1,040 spike while staying well above all key MAs; RSI-14 ~75 (overbought/extended).
On the weekly timeframe, LITE has key support at $880 and key resistance at $1040. The most likely scenario (bullish) targets $1040 and $1200, with a revert level at $900.
LITE (Lumentum Holdings Inc.) is currently classified as parabolic on the weekly chart, with 72% confidence. Confirmation requires: Weekly close above $1,040 with follow-through higher high This would be invalidated by: Weekly close below $880 (breaks the last clear swing-support zone and signals deeper mean reversion)
The most likely scenario (bullish) targets $1040 and $1200, with a revert level at $900. The alternative scenario (bearish) targets $720 and $600.
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