1. Stock consolidating and rising nicely in pattern;
2. $60 Height on Flag ($350 Target)
3. IBM just reported and that company is up $5;
4. This is going to $350;
5. End of Story;
Comment: Earnings January 22nd along with, XLNX, and TXN. Should be a nice day, Then INTC on deck on Thursday for the real show.
Time to ring the register and wait for lower entry.
Momentum downtrending and in bearish divergence to price.
RSI in downtrend and showing significant bearish divergences.
Stock has ran 25% since breakout, profit taking innevitable.
Major fibonacci extension target hit and price rejected.
I got a good hit on my last earnings play which I didn't post TRV so I'm going for one on this.
Put Spread $232.50/220 Cost per spread was 4.36 Holding 2 spreads. Nov 8 exp
We will see what happens. Looks like a small bearish divergence. God speed.
Entry level $246 = Target Price $264 = Stop loss $242
Bullish sentiment and fundamentals.
Bullish setup for another step higher.
Completely depends on market strength and trade, at this level trade short term.