MichaelMF

CINF- Ready to derail?

Short
NASDAQ:CINF   Cincinnati Financial Corporation
July Puts are like $0.80 for $3 difference in strike. This thing is SO overbought. MACD is weak on all time frames that I looked at. (1D, 1H, 2H, 4H) Ascending wedge . Stoch ready for a flip at ANY time. MACD ready to go at any time. RSI exhausted. This should be fun lol Targeting $95-98 (98 from the top of the wedge would be around . 382 retracement , 97ish from current top, but we also seem to have decent support, from current $95 would put us around support and .5 retracement.)

This is not advice. And yes I will be scooping Puts on this.
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