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UnknownUnicorn1314136
Jul 8, 2018 1:27 AM

CHKP still has room to run Long

Check Point Software Technologies Ltd.NASDAQ

Description

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!

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

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