LABU daily chart showing a recent break-out and successful back-test of the longer-term down trend.
Optimism present due to a recent Bullish Cross on the MACD, price closing above the VWAP on Friday, price now above the 50-day MA, and buyers appear to be coming back.
BBs staying tight on the daily suggesting a significant move may occur soon. Last time the BBW was this low the price move was +20%. Targeting a similar rise in price on this trade to the $8.30s or $8.40s.
NFA.
Optimism present due to a recent Bullish Cross on the MACD, price closing above the VWAP on Friday, price now above the 50-day MA, and buyers appear to be coming back.
BBs staying tight on the daily suggesting a significant move may occur soon. Last time the BBW was this low the price move was +20%. Targeting a similar rise in price on this trade to the $8.30s or $8.40s.
NFA.
Note
Took profits and closed long calls
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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.