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nirmalc83

STM long

STMicroelectronics N.V. (NYSE:STM)  
nirmalc83 Updated   
NYSE:STM   STMicroelectronics N.V.
Trend Analysis Chart Patterns
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trendanalysis chartpattern
STM nice weekly chart. Breakout over 25.2 should give the next leg up.
Safer to go with 25 calls if playing short term.
Better option is the July 27.5 or 30 calls to buy and hold for a few weeks.
Comment:
Negative day, but still holding within the cup. Will monitor this closely. Pattern still valid for now.
Comment:
Gap down and close below CUP today. Long idea invalidated. Staying away for now since chip stocks had really bad 2 days. Will wait for market to stabilize or new setup.
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