The 10 period linear regression line has crossed the 30 period regression line in the direction of the midterm slope (90-day regression line) setting up a possible move to the upper band (now $67). Long with confidence and cut losses upon a reversal of the trend.
Strictly speaking, I sold bull put spreads. Same thing as a long.
What this means is that you sell a put and then buy a cheaper more OTM put as insurance in case of a meltdown.
Strictly speaking, I sold bull put spreads. Same thing as a long.
What this means is that you sell a put and then buy a cheaper more OTM put as insurance in case of a meltdown.
Comment:
interesting also to note the higher low/double bottoms of 19 July and 23 July - supporting the trend change.
Trade closed: stop reached