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PlanTradePlanMM
Nov 13, 2020 4:19 PM

LUMN Long Long

Lumen Technologies, Inc.NYSE

Description

In Monthly Down trend Wedge,
It is possible to form double bottom;
Daily Demand zone confirmation
Daily down trendline breakout

This is a longer term plan, target for 13 months.

Entry 9.8
Stop 8.5
Target1 15;
Target2 22; next monthly resistance


I am not a PRO trader. I need few months to practice trading strategies.
If you like this idea, please use SIM/Demo account to try it, until my trading plans get high winning rate.

Trade active

Option trade:
buy 2022 Jan C12 Limit 0.72; 434 days.
NO stop in option.

Trade active

buy 2022 Jan C15 Limit 0.38 x4

Trade active

Sell C22 0.8x5, big winner already.
Hold C15/22 for free

Trade active

Buy to close 2022 C22 limit 0.25x2
Still hold 2022 Jan C15 x2, and C15/22 x2 for free.
Comments
mahables
Great podcast on LUMN intrinsic value: youtube.com/watch?v=wzPAHXkX6tM
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