shomikghosh2
Long

SINA Could Be Nice Set Up But Riskier Play

BATS:SINA   SINA CORP
87 0 0
Disclosure: Long Jan 85 calls, Short Dec             85 calls with stock at 76.8, SINA             had a huge bullish engulfing candle on Dec             . 10th probably due to TWTR             strength, volume confirmed the move although the 50 day still stands as resistance, todays             pullback is on lower volume and is healthy for the bullish engulfing yesterday, chances are this will break above the 50 DMA in December, also potentially a cup and handle forming over the past couple days if sideways action continues near the 50 day
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