long setup. bull flag formation. horizontal and 20 day ema supporting prices
My Bullish / Bearish Proposals
SHW will probably have a "sucker" rally , just to frustrate a lot of bears.
SHW will probably break down from it's "flag" pattern. But it will probably have a sharp "failed" rally first.
watch this name to short the retest of the breakdown or see if it forms a bear flag here. I don't know anything about the company but doesn't seem like a stock going to zero anytime soon. Selling call spreads might be the best short here
Hammer on 50sma yesterday, confirmed into earnings tomorrow morning. Options are thin but Nov/Dec 160 Call calendar selling the Dec 135 Put (under 100sma - where it has not been for over a year) can be had for a credit