XOM looks over extended and approaching heavy resistance after ER pop.
I like the short setup here with MARCH 80 puts opened today, looking for some retracement / pullback expected to cool off the RSI. This isn't a long term idea, just to profit off the expected profit taking that's expected after such a strong move to the upside.
First target is $77.5
I like the short setup here with MARCH 80 puts opened today, looking for some retracement / pullback expected to cool off the RSI. This isn't a long term idea, just to profit off the expected profit taking that's expected after such a strong move to the upside.
First target is $77.5
Comment:
ITM let's go! , Trailing stop in place, Nice Trade !