Looking at the FTCH Farfetch Limited options chain ahead of earnings , i would buy the $11strike price Calls with
2022-12-16 expiration date for about
$1.17 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.
FTCH :
A lot of tech charts look similar.
- big zone of support -resistance here as you can see on the chart
- Demark sequential 9 weekly
Again, we're going against the trend but I like the risk vs reward for a long swing trade here, cuz I can have my stop loss not too far.
Trade safe!
FTCH is about to confirm the Cup and Handle model at $16.50 and Target at $ 20, wait for price confirmation.
FTCH buy : $16.50
FTCH Target : $20 +-0.3
FTCH Stop loss : $15.35
Wish you a successful trading!
