FriscoTrades

$ELY longer term trade idea

Long
NYSE:ELY   Callaway Golf Company
Started a LEAPS position with JAN 2024 25c on Callaway Golf .

Technically at good support (which was previously resistance), and appears to have bottomed.

Will add upon breakout of dotted down trendline.

More conservative idea would be to wait for breakout and confirmation, hence why I only purchased a few contracts, and this is a long term idea.

Keep an eye on volume , it needs more .

Breakout with volume and confirmation of bottoming - full position


Cheers




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