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LITE's Shares Face Profit-Taking and Growth
LITE stock experienced a major upward trend during the year 2026, reaching an unprecedented high of around 1,085 in May. However, it then underwent a profit-taking correction and retreated to support at 855. Technical analysis indicates that the stock is trading within a descending wedge pattern, with the potential to target higher levels between 984 and 1,085 if buying momentum continues. Conversely, holding below 924.50 poses the risk of a possible decline toward lower levels.
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