GS last month broke out of this prior All Time High level(397.52). This month(so far) it is back testing the prior ATH level. Would be interesting to see the Monthly close on this.
As long as we are closing above prior ATH level, expecting to see 420/450 levels
If going long here, would consider Stop Loss of 385 on daily closing basis.
If playing options, I would rather wait and see at least a week to see whether we are able to hold that 400 level. As long as 400 holds, greater possibility of achieving the targets
Trade active
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Trade has been activated as soon as we came up above 400 level. Playing options (415c 19Jul 2024) Up more than 40% so far