StoneX just slapped a buy rating on $LITE with a $1,200 target and the stock ripped 8% straight to $818. I'm bullish on the optical space — that dip from the $1,143 high got hammered at $756 and held clean. Now the question: are you chasing this 8% pop or waiting for a pullback to reload?
I'm not chasing here. $818 after an 8% rip feels like short-term euphoria off the initiation. I want to see how it handles $820–$830 resistance. If it consolidates tight or pulls back toward $780–$790, that's where I'd look to add. The $756 low is your invalidation if you're building a swing — below that and the structure breaks.
Target is still $1,200 if the thesis plays out, but I'm not paying top dollar after the initial pop. Let it breathe, watch for a retest of support, then size in. Optical names have momentum, but discipline wins over FOMO every time.
I'm not chasing here. $818 after an 8% rip feels like short-term euphoria off the initiation. I want to see how it handles $820–$830 resistance. If it consolidates tight or pulls back toward $780–$790, that's where I'd look to add. The $756 low is your invalidation if you're building a swing — below that and the structure breaks.
Target is still $1,200 if the thesis plays out, but I'm not paying top dollar after the initial pop. Let it breathe, watch for a retest of support, then size in. Optical names have momentum, but discipline wins over FOMO every time.
