This Put will be based upon earnings which is always a risk. However, it looks like the MACD indicator will be lining up to suggest a possible put at around that time. It will be interesting to see where it goes! :-)
Comment
⋅
Earning report is schedule for Feb. 28th, 2018 per tradingview. The chart above reflects an incorrect earning report date. I am still looking at a downturn (correction) sometime within a week or so. We will see. Best trading wishes for 2018 goes out to all!
Great, Thanks.
That's why I am waiting before investing again in the stock, I'd rather wait one more month and see what will happens after this new year.
Prosperitus
⋅
@alDahb, Hey AlDahb - Yes, I would wait a while, maybe a month or less. The stock is on the fifth wave of a megaphone pattern. The stock may see a downturn (correction) after this fifth wave. I was very surprised at the move today (20 points!) on this fifth wave. There are still four or five more days to go on this up wave (probably not much higher) then the beginning or a down wave correction will probably start. Best wishes in your trading!
Prosperitus
⋅
@alDahb, Earnings report is not until February 28th. The chart above shows an incorrect date for reporting earnings.
That's why I am waiting before investing again in the stock, I'd rather wait one more month and see what will happens after this new year.