Breaking below $9.58 will initiate a change of structure ( choch ) at which point, puts may be permissible. My target price in this situation would be $8.90. If you view this stock on a larger time frame, we've been ranging for quite some time.
Now, on the off chance that we break and hold above that $10.39 supply, it may be a good idea to go long.
NFA.
Now, on the off chance that we break and hold above that $10.39 supply, it may be a good idea to go long.
NFA.
Comment:
Be wary of this $9.18 level. If we don't break below it, this may be a good time to get out of puts. If we DO break below it, $8.90 is coming.