First thing you notice is the weekly hammer print
With a big tick up in Volume
2nd thing is the clear double bottom formed here.
My first target is the 200sma or 14.30..
it's so much resisitance between 14.50- 15.00 that I'd take profit there and wait for a move above 15.00 to get back in long with a 16.00 target
Entry - above 13.70
Stop loss - 13.50
Target - 14.30 gap close.
I like either
5/19
14.5c
Or
5/12
14c
The move should happen early next week
With a big tick up in Volume
2nd thing is the clear double bottom formed here.
My first target is the 200sma or 14.30..
it's so much resisitance between 14.50- 15.00 that I'd take profit there and wait for a move above 15.00 to get back in long with a 16.00 target
Entry - above 13.70
Stop loss - 13.50
Target - 14.30 gap close.
I like either
5/19
14.5c
Or
5/12
14c
The move should happen early next week
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.