Low risk buy here, specially if the stock breaks into higher highs tomorrow...
Best of luck!
Cheers,
Ivan Labrie.
Best of luck!
Cheers,
Ivan Labrie.
Note
Probably ok to trail stop to entry and reduce position by 75%...Note
I had a long here yesterday on close, suggested reducing by 75% and moving stop to entry after it hit that BB + 200 day MAs3.tradingview.com/snapshots/j/JYgGpp3Q.png
it was also a new high for the last 2 weeks before
and faded
so it's a risk free trade from here and secured 0.62R
earnings come out tomorrow
so it might be ok to swap the position for calls using profits for the premium...
Note
Or bull put spread ITM (benefits from IV dropping + time decay) For ex.: long ATM, short OTM put, positive RR.
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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.