If it triggers it needs to be in the next 30 mins. :) Otherwise, I'll cancel
It appears BG has some unfinished business to attend too. After opening a window to lower price levels it now appears to be attempting to close the window it open, note arrow. Windows can be used as support, resistance, and price targets. After re-testing the bullish breakout from the triangle pattern, higher price levels could be ahead for BG. Note...
Trade Logic: Up trend & major Support break down Entry: 62.75 -62.83 Target: 57.27 Stop-Loss: 64.09 Option: July16, 60 Put & Oct16, 60 Put
NYSE:BG 05JUN16 - Stock looks like it is going to reverse at heavy resistance / trend channel that is in confluence with the 0.5 fib level at $69 and is heavily overbought on the RSI (80). Entry criteria: Long Position - Breakout from the downward price channel and a base of support at $69. Short Position - If we get confirming bearish candlestick...
60 Minute chart with good support and resistance good ratio of 1 : 2.5
Early this morning a trader bought 3,656 BG Feb 75 calls for $1.30. This is a very bullish trade that exposes this trader to over $475,000 in risk. This block also represents volume over 6.5 times the average daily option volume in BG. Although the chart of BG is very weak we believe that this bullish order flow is a good signal for a long in BG.