Chart Analysis: A Resistance Level in LPL Financial Holdings (LPLA)

A key resistance level has formed in the chart of LPL Financial Holdings (LPLA)…

LPL Financial Holdings (LPLA) is an independent broker/dealer that provides a platform of proprietary technology, brokerage, and investment advisory services to financial advisors and institutions. The company has benefited efforts to increase its client base. Stable advisor productivity and recruiting should continue to drive revenue during the economic slowdown.

Take a look at the 1-year chart of LPLA below with added notations…

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