High Vol, High ROE Stock.
W RSI <25 & PA consolidating around 53
Looking for Reversal to Mean higher.
Taking 52.50/50 Bull Put Spread.
Also picked up 55 Call for Directional Bias Higher.
Nov Exp but aiming to Close in profit well before that...
Good Luck - Watch your $$$ RISK
Stock broke out of a long established channel and looks like it wants to test the breakout. Solid dividend company and one that should ride out a slowing economy. Huge international presence and exposure to rising dollar. This is a tough call. Weekly and daily RSI and MACD looking tired. Thoughts anyone?
This is my daily analysis. My time target shows that tomorrow we can expectation a reversal to continue the downtrend.
My primary analysis was in one week.
Descending Triangle is a Bearish Bias Breakout pattern
Descending Triangles, Triangles, Ascending Triangle and Ranges are repeatable trading chart patterns.
Triangles and ranges are consolidation chart patterns that can breakout either direction.
Ascending and descending chart patterns will have a directional bias depending on the previous incoming trend.
Each...
Use the low of 0.23198394; use the high of 20.37; project out from there and these critical levels present themselves
acknowledge the strength of these gann levels
manage your own risk
gl hf
xoxo
snoop
We have Shooting star and Evening star pattern!
We are in the overbought too!
Let's get a short position here ;D
If you want wait for middle line break.
If you can't wait till October, don't short it, if you can, put your T/P at $49.75. Note, this is a daily chart. On a weekly, you have a bigger picture. For quick trade, H1, there you have a double top. HAppy hunting
