SPB has created formations that are very similar, they are in circles Along the vertical lines I would call the middle of the structure. We are at the point where price is looking to rise which I have shown with the bars pattern. The strong uptrend is in green.
Looking at the SPB Spectrum Brands Holdings options chain ahead of earnings , I would buy the $70 strike price Calls with 2023-7-21 expiration date for about $6.60 premium. If the options turn out to be profitable Before the earnings release, I would sell at least 50%. Looking forward to read your opinion about it.
All the good little sheep are rushing in to defensive stocks because that's what they are told is safe. Bwahahhaaha bwahahahahha we cannot think for ourselves bwahahhahaha. We should easily fill this gap in coming days
NYSE:SPB Possible Scenario: LONG Evidence: Price Action This is my idea and could be wrong100%
I believe SPB is a Short. Maybe a week or two left going long but then short.