CFG is following a reinvigorated banking sector with a strong uptrend.
A recent pullback has left prices within my buy band.
G/G trend with 13/21 propulsion dots. RAF > Extreme and Vscore =1 has proven to be support.
Darvas 3.0 signal is further confirmation of strength.
Looking for a minor low breakout and a retest of highs.
Buy 21April23 42.5 Calls on a breakout of 43.20.
50% Fib breakevne is 43.70
First profit is 44.50.
25% stop loss.
Questions - Is there enough upside. Theoretical price at $44.50 is $3.41 which would give a $80 option vs $52 loss.
*Continuing to track*
A recent pullback has left prices within my buy band.
G/G trend with 13/21 propulsion dots. RAF > Extreme and Vscore =1 has proven to be support.
Darvas 3.0 signal is further confirmation of strength.
Looking for a minor low breakout and a retest of highs.
Buy 21April23 42.5 Calls on a breakout of 43.20.
50% Fib breakevne is 43.70
First profit is 44.50.
25% stop loss.
Questions - Is there enough upside. Theoretical price at $44.50 is $3.41 which would give a $80 option vs $52 loss.
*Continuing to track*
Trade active:
Bought on break of $43.20.
2 - 21Apri23 42.5 Calls @ $2.65
2 - 21Apri23 42.5 Calls @ $2.65
Trade active:
Still Holding. Prices have been consolidating below the 50% Fib breakeven.
Looking for a move with the financial sectors (XLF, KRE).
Looking for a move with the financial sectors (XLF, KRE).