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OptionsRising

CNK - nice reward to risk if stock moves up

Long
Cinemark Holdings, Inc. (NYSE:CNK)  
OptionsRising Updated   
NYSE:CNK   Cinemark Holdings, Inc.
Chart Patterns Technical Indicators
8
1
chartpattern indicator
You can buy 100 shares for $1490, or you can control 500 shares for $978. I bought Sept 2020, 20 strike calls.
I will exit if stock goes below $14.
Comment:
A nice move happening today in CNK. This stock will rally with market on another leg up. $DJI and $SPX weekly are holding 10sma and look like they are gearing for more upside. Pay attention to 7-day RSI, as it has returned to (or near) 50 line and if it bounces up then the uptrend will continue.
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