Stock has been trading above weekly trendline from past 2 years.
whenever it touches trendline, it takes good support and bounces back.
Entry at trendline support on closing basis and bullish price action like pin bar or engulfing we can enter.
Even we can sell OTM put or we can create bull call spread, it will give you good returns (RISKY) .
Please follow proper risk managment.
DISCLAIMER: For education purpose only, do your own analysis or consult your advisor before taking position
whenever it touches trendline, it takes good support and bounces back.
Entry at trendline support on closing basis and bullish price action like pin bar or engulfing we can enter.
Even we can sell OTM put or we can create bull call spread, it will give you good returns (RISKY) .
Please follow proper risk managment.
DISCLAIMER: For education purpose only, do your own analysis or consult your advisor before taking position