$BSX bear trap played out - watch or start to get in

BSX has just finished a pretty nice bear trap. I started a initial position, and will fully get in if the price broke through $40 pivot line. If you look at the weekly or even monthly graph, you can see a 16-year huge cup and handle forming. Expect huge up-side to play out in 2021 or 2022. If you want to buy call, buy 2023 leaps.

Trade active:

This morning's movement should be called 'bear trolling'. Look that long lower wick, lol. I will add another portion (2023 leap) if today's price close around or above today's open price, which is $38.61

Comment:

strong, strong, strong. If you have not yet get on board, this is probably a good chance

Trade active:

ok, next resistense will be at $41.2-41.3. I will unload some 1 - year calls and look for the chance to buy back on a dip.

Trade active:

41.2 target reached. STC all my 1-year calls, but will still hold the 2023 calls and looking for dip buying opportunities.

Comment:

dang, it rallied. lol. At least I got my 2023 calls. I will buy every single dip from now on - short term bullish, middle term bullish, and long term bullish.

Comment:

looks like it is going $45.5 gap fill directly. If that really happens in the next month, I am gonna sell my 2023 calls and look for dip buying opportunity