Nice break from descending wedge. Furthermore, bouncing off longer term support (thicker blue line); looking for it to pair up with the red descending line from the wedge break.
on 4h charts, we have a nice HA buy signal and PSAR also turning up. MACD curving upwards; RSI coming out of oversold conditions. Opened a May 21 3150-3280 call spread. (3280 chosen for easier spread exit without having to deal with premium obnoxiousness near expirations)
on 4h charts, we have a nice HA buy signal and PSAR also turning up. MACD curving upwards; RSI coming out of oversold conditions. Opened a May 21 3150-3280 call spread. (3280 chosen for easier spread exit without having to deal with premium obnoxiousness near expirations)
Comment:
closed all short calls here and reduced long call exposure, but still net long may21 exp 3150 calls.
Trade closed manually:
Got pretty close this morning at 3310; closing this one out for now. Still potential upside but hard to wait with such short dated calls.