PKG Pre-Earnings Long

Packaging Corporation of AmericaNYSE

Description

⋅ Jan 20, 2021 5:54 PM

Took a pre-earnings play on PKG with the Feb 145 Call Option as an Ichimoku cloud pullback pattern.

Comments

SalviG

⋅ Jan 20, 2021 7:11 PM

Thanks for sharing your idea. But the RSI seems to be very hight on the weekly timeframe. What do you think about that? Thanks.

norok

⋅ Jan 20, 2021 7:43 PM

@SalviG, I try to not overcomplicate things. RSI is not something I use but if it fails we can say that was why :D

Peterson

⋅ Jan 20, 2021 6:00 PM

Similar to Oct 27th setup ?

norok

⋅ Jan 20, 2021 7:43 PM

@Peterson, Very observant, yes the setup is similar in relation to the Ichimoku cloud