We have a pretty strong resistance at $10.. we have broken it once which resulted in a 40% BOUNCE! I bought some calls in hope of a strong bounce.
Earnings date is 4/24 (on Friday) which will make this a risky long, stop loss for traders would be 9.05..
Good Luck! I am not a professional.
Earnings date is 4/24 (on Friday) which will make this a risky long, stop loss for traders would be 9.05..
Good Luck! I am not a professional.
Comment:
This can perhaps be a mini double bottom, wouldn't be surprised if we saw it reach to $11 before the market dumps!
Trade closed manually:
I have closed my buyputs 20% profit :)
Comment:
meant calls* LOL, wish I stayed in but fear got me.
Trade active:
opened long again, exit 9.88
Comment:
earnings is in 2 days.. this most likely will go to the dumps.. but long above 9.88 for now!