LongShort2021

DGX PUT idea

Short
LongShort2021 Updated   
NYSE:DGX   Quest Diagnostics Incorporated
DGX is :
Current price: 139,91
1- in descending triangle
2- Low volume
3- SMA 200 reacts as resistance along with the descending triangle
4- EBITDA in decline except for Q1 2023

=> Put options for January 2024 open. no SL.

Counter trade:
1- Analysts target: 145
2- OBV/AD are trending higher
3- PE in average with sector
Trade closed manually:
PUT options closed.
possible bounce from this level to around 130, possible PUT opportunity to be watched.

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