After a sharp move up, stock retraced back to the 20sma on 2/3. 20sma is just coming out above the cloud and showing a good uptrend. RSI yesterday came down to 51 and today it should move higher if stock is to move up. Stochastic %K was at 11 yesterday and should bounce up.
More risk - buy March monthly calls today and hold until/thru earnings on 3/2 - set exits and targets.
Less risk - wait for today's candle to close for upside confirmation and enter later this week.
Alternatively, if selling continues the stock can retrace to 98-99, at the weekly 20sma and gap, before moving up again.
More risk - buy March monthly calls today and hold until/thru earnings on 3/2 - set exits and targets.
Less risk - wait for today's candle to close for upside confirmation and enter later this week.
Alternatively, if selling continues the stock can retrace to 98-99, at the weekly 20sma and gap, before moving up again.
Nota
RSI held over 50 and is making a nice move up today. Now is a good time to enter calls.Nota
Forgot to mention, a trade over the high of 2/4 is a trigger for buying calls.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.