Get started
UnknownUnicorn1314136

CHKP still has room to run

Long
Check Point Software Technologies Ltd. (NASDAQ:CHKP)  
UnknownUnicorn1314136 Updated   
NASDAQ:CHKP   Check Point Software Technologies Ltd.
Trend Analysis Chart Patterns Beyond Technical Analysis
1
0
trendanalysis chartpattern beyondta
CHKP broke out of trendline resistance, RSI b/o, MACD crossed over zero line bullish, Vortex Indicator crossed over indicating possible trend reversal. Close up of price action on chart below. Resistance likely in 105 area, bottom of gap above at 110 area. Two possible options trades shown on chart, depending on taste and whether or not you want to play the ER, sheduled for 7/25. GLTA!
snapshot
Comment:
Retested and held above breakout TL today, lowered call premium dramatically. 18 AUG 17 C110 now .60-.75, IMO entry here favorable.
Comment:
Original JUL 20 C105 up 600%+. AUG 17 C110 given on update now up 345%. Closed out my personal position, the JUL 20 C105 I was in, for 550% gain. My trade complete, but tbh this could continue to run a bit more. GLTA
Trade closed: target reached
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.