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JebusLives
Sep 14, 2021 1:40 AM

Swing Trade - Long Long

TSX:RCI.B1D
ROGERS COMMUNICATIONS INCTSX

Description

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Rogers has bounced off the 200EMA & 30 RSI level a few times lately, looking for a repeat here.

I'm looking to confirm a reversal and grab some calls. I think I'll go with a 2 week expiry, looking to hit PT1 or 2.

Going for a month expiry might give you enough runway to reach for PT3.. but I think the theta cost outweighs the chance of hitting that target.
Technical Indicators
Comments
NeedMoMoney
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i think we're just going to start to see a reversal now
JebusLives
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@NeedMoMoney, I agree.

Unfortunately my calls expire tomorrow. :|

This one was a miss for me, wasn't anticipating a market sentiment decline in tech.. (Maybe I should have avoided this play in September)

Live and learn. It was a small position, I'm not losing any sleep. :)

I'd think about rebuying, and trying again, but I've got a lot of powder tied up in oil stocks right now.. watching oil cut new 5 year highs.. 🚀🚀🚀
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