✅golden fibs test
✅RSI where it historically bounces NINE times in 2 years
✅hinting hidden bullish divergence
We will wait for break and hold of $40.50 for short swing calls entry
Both 8week out contracts for short term trade and Debit spreads for mid term trade
Target: $45/$49.50
Stop: open and close under .618 on daily
*at the loss of $37.50 puts to $35 and $31
✅2 hour chart has bounced here for 2+ months
✅major confluence here (purple box)
Need to hold $444 early next week we are going to come down to our long term .25 retracement (March low to July high)
below 442.50 Target 439
above 445 Target 447.50
Beautiful bottoms bounce with a 1:3 risk:reward
✅MACD cross/approaching 0
✅daily RSI broke 50
✅volume uptick
I like Jan 2024 swing as well as common shares here
Adding on break and hold of $7.00