Play the gap
Look left!
8/18/2017, red doji/spinning top
Conviction:
Gap finally gonna retest!
Tweezer top daily 7/26-7/25... to the tee! ;) $53.52
(7/10 @12:30 on 4 hr... caution gap on the up side... so adjust stop as needed)
Price action ready to break the cloud... and you know what that means!
MACD showing negative/downtrend
Stoch downtrend toward overbought
Overall bearish sentiment in market
Fed raise rate, stock market inverse
Earnings Aug 1st... will HRL get the market beat down on earnings...(cough twitter, facebook, banks, etc... see FB gap post)
...and i detest Herbalife... the dreaded emotional trade... HA!
Never shorted a stock
Still learning options
Puts Nov 16 .14/.17/.30 bid/ask/last...
What a bargain $20 per contract...
S/L 53.52... (see note above)
T/P 31.18
R/R 12.91 LMMF$AF
HaveFun/Profit Trading
Look left!
8/18/2017, red doji/spinning top
Conviction:
Gap finally gonna retest!
Tweezer top daily 7/26-7/25... to the tee! ;) $53.52
(7/10 @12:30 on 4 hr... caution gap on the up side... so adjust stop as needed)
Price action ready to break the cloud... and you know what that means!
MACD showing negative/downtrend
Stoch downtrend toward overbought
Overall bearish sentiment in market
Fed raise rate, stock market inverse
Earnings Aug 1st... will HRL get the market beat down on earnings...(cough twitter, facebook, banks, etc... see FB gap post)
...and i detest Herbalife... the dreaded emotional trade... HA!
Never shorted a stock
Still learning options
Puts Nov 16 .14/.17/.30 bid/ask/last...
What a bargain $20 per contract...
S/L 53.52... (see note above)
T/P 31.18
R/R 12.91 LMMF$AF
HaveFun/Profit Trading