CB from a technical perspective looks ready to breakout and join the stock market rally. I look to buy the August 16th expiration long call 140 and sell 150 call. The price of this option is 450$ and the profit potential is 550$. This kind of trade allows several months for the stock to make new highs and you can either make 20%-30% buy buying the stock or you...
The idea is for a short seller, swing trader but now need to wait for a support breakout or anticipate it
(Anticipate is not Predict) because the idea is based in price action
Swing trading need patience but is not like investing for the long term
My advice is wait for a support breakout 50.00 (price action crossing the red line, Red Candlesticks below the...
breakout in progress after consolidation and closed above 50 day-strong momentum
looking for move up to next prior pivot high of 66.0x area of resistance
monitoring for possible false breakout- high r/r