Oversold and crawled in this area for long time, ready to move foward.
buy the bounce. Get out before Earnings... if we are still in the trade.
No pattern, but nice move off the .50 retrace. If it holds the gap might have a go. Observation
A trader bought 1,149 SFM Mar14 35.0 Calls $2.55. This is a very bullish trade at volume nearly 4.5 times the average daily option volume in SFM. Even though the stock is below the Ichimoku Cloud we believe this is a great signal for a long setup.