I've been tracking this ticker for a long time. and want to put this on peoples radars.
she's been good but now there's a point where there needs to be some pull back before it runs again.
That being said, interesting level we're at. It has been over extended a while and has been in a pullback and consolidating for its next "macro" move
two scenarios
if we fall below this current trend line and CLOSE below 430, we are very likely to see 364
id play cash secured puts for the meantime if that does happen
if we crack above the blue dotted channel, we will likely come back to test the theoretical boundary. if we CONFIRM trend above the boundary, we play calls and shares again.
personally I think its too risky to get in right now with either of these plays.
wait until we confirm a directional trend, though I am BEARISH at the moment.
she's been good but now there's a point where there needs to be some pull back before it runs again.
That being said, interesting level we're at. It has been over extended a while and has been in a pullback and consolidating for its next "macro" move
two scenarios
if we fall below this current trend line and CLOSE below 430, we are very likely to see 364
id play cash secured puts for the meantime if that does happen
if we crack above the blue dotted channel, we will likely come back to test the theoretical boundary. if we CONFIRM trend above the boundary, we play calls and shares again.
personally I think its too risky to get in right now with either of these plays.
wait until we confirm a directional trend, though I am BEARISH at the moment.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.