L Brands $LB has been recovering since it tagged a low around 35 in August this year. Price has since rallied and closed at 48.25 after the 11/9 US session. There might still some short-term upside, but we should anticipate resistance around 50-52.LB Daily Chart(click to enlarge)Pending Resistance:- It looks like a couple of things are going to happen soon.- First of all, price will meet a falling trendline resistance if it continues to march higher, towards the 50-52 area. - Secondly, the RSI will likely show overbought condition as it pushes above 70. - With these signs and a prevailing downtrend, I think we should anticipate selling in the 50-52 area.