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heidib
Jun 26, 2017 8:02 PM

FLXN breaking through resistance - close > 20.82 = bullish! 

Description

FLXN moving on buyout rumors due to pending FDA drug approval Dec. 2017. If closes > 20.82 expecting a test of next 22.18 resistance level tmrw/this week. Not seeing much resistance once it goes through 22s. Have been watching for entry, sold loads of 17.5 puts this morning - usually wait for red to sell puts but pushed date out for solid premium...def recommend selling puts to enter positions, reduce risk/cost. Beginner charting, thoughts welcome!
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