UnknownUnicorn1314136
Long

Short term play, short term gains

NASDAQ:ALRM   ALARM.COM HOLDINGS INC
NASDAQ:ALRM In oversold conditions, with a decent RSI divergence to the upside. In addition, sideways movement has brought price action into contact with 52 week support trend line , and Friday's action resulted in a nice hammer candle. Accumulation/Distribution indicator broke out of a downward resistance trendline on Friday as well. Put it all together and it smells like a recipe for gains to me. Short term options play ideal in my opinion, in an effort to minimize risk/maximize reward. Can pick up July 19th C55 right now for about .35 apiece. Price action likely to exceed strike price by expiration, and depending on HOW quickly it gets there, could be a nice green pickup. I am sounding the alarm on ALRM . Happy hunting!

Comments

Leave us some support as well mate, great content and nice setup :)
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