Very nice strong support that could be broken here. If we break this support I see this going to the 50ema on Monthly chart. This would be a great little trade. Again, news on the war, oil and inflation can make any trade tuff today. We have seen some whipsaw movement. One to put on your Alert for sure.
Comment:
This setup is still pretty close to the original post. Just look for the new 50EMA monthly target.
Trade closed: target reached:
If anyone got into this trade last week we just hit the 100MA on the monthly. I just sold my puts and got out.