Could be a fake breakout, but as we starting the earning season, I'm betting on the long side. Cheers,
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The neck is holding for now; if it doesn't, get out!
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Everything in place for a nice gap up Monday morning! Have a nice weekend,
Trade closed: target reached
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I'm gonna take some money off the table here. I think that the stock is facing some resistance at the upper trendline and the RSI is making a H&S pattern. I'm looking for a drop to get back in as there is more upside to come IMHO. Cheers,
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I'm gonna get back in: double-bottom plus the RSI shows a Cup & Handle. As long as 162 holds, it is all good. I will be buying CALL QQQ 2018APR27 162.00 trading at around 2$, and I will close by the end of the week or if 167 is ever reached. Cheers,