SPB has created formations that are very similar, they are in circles
Along the vertical lines I would call the middle of the structure.
We are at the point where price is looking to rise which I have shown with the bars pattern.
The strong uptrend is in green.
Looking at the SPB Spectrum Brands Holdings options chain ahead of earnings , I would buy the $70 strike price Calls with
2023-7-21 expiration date for about
$6.60 premium.
If the options turn out to be profitable Before the earnings release, I would sell at least 50%.
Looking forward to read your opinion about it.
All the good little sheep are rushing in to defensive stocks because that's what they are told is safe. Bwahahhaaha bwahahahahha we cannot think for ourselves bwahahhahaha. We should easily fill this gap in coming days
Simple pullback setup to breakout support on Spectrum.
Spectrum Brands Hldgs (SPB)- MANUFACTURES AND DISTRIBUTES OF CONSUMER BATTERIES, RESIDENTIAL LOCKSETS, BUILDING HARDWARE, PLUMBING
Spectrum Brands Holdings
Spectrum Brands Holdings Inc. operates as a consumer products company. It supplies consumer batteries, residential lock sets, building hardware, plumbing, personal care products, household appliances, pet supplies, lawn and garden, home pest control equipment and auto care products through its subsidiaries. Spectrum Brands Holdings Inc.,...
Hey people, SPECTRUM BRANDS HOLDINGS is in a fake bearish configuration with a strong sell volume at the start of the session then a weaker one at the end and a kind of water gate. The TIMEFRAME M1 on observed a tombstone with a low paid purchase volume heading to its latest low to make a turnaround. Great possibility of breaking out the price by breaking the VWAP...
