W RSI <20 recently (9th Sept) &
PA consolidating around 136
Looking for Reversal to Mean higher.
Taking 135/130 Bull Put Spread.
Also picked up 140 Call for Directional Bias Higher.
Nov Exp but aiming to Close in profit well before that...
Good Luck - Watch your $$$ RISK
Company profile
Crown Castle International Corp. is a real estate investment trust company, which engages in the provision of access to wireless infrastructure via long-term contacts. It operates through the following segments: Towers and Fiber. The Towers segment offers access, including space or capacity towers dispersed throughout the United States. The Fiber...
Asset and Time frame -4H,CCI
Entry Price -140.60
Exit(Stop Loss) -138.98
Exit(Take Profit) -146.84
The range between SL and entry - 1.62$
Technical Analysis -1H chart broke a confirmed trend line with good momentum,the price was able to reach overbought status on RSI(Not strongly)now the price action retest the 1H 61.8 Fibonacci level with a good candle...
This is a cell tower REIT that is a safe, sound, and up-trending stock that IMHO is a great safe haven for current investors in this tricky market....enjoy earning instead of losing!
BW Butterfly Spread $135/125x2/120 EXP Aug 16
Entry was $2.38 Credit,
Max risk is $311, Target is $126 exit at support or holding until Exp at $125 if profit hits $250 I may end up take it.
Double top and bearish sentiment
$CCI is a under the radar company, which by looking at the chart has executed perfectly for years. This is a 5G play as they own the infrastructure which has increasing revenue and profitability. We have missed this on the way up but the chart strongly signals a downward move in concurrence with the price action for many years.
Please follow our website link...
