SDOW has leveled off at a near-term bottom after a downtrend as confirmed by bullish
divergence on the RSI and MACD while the price went sideways in consolidation.
Volatility has contracted as have trading volumes. I see this as a buying
opportunity with a stop loss of 20.5 below the low pivot in consolidation and the first
target at 22 underneath a standard retracement with the final target at 25 in the area of
the early November pivot high. A call option set at a strike of $22 expiring in 4-7 months
is a supplement to the idea. I expect that interest rate fades or any lessening of geopolitical
tensions may affect things throughout the trade and perhaps force trade management along the
way. Overall, I have an expectation of 18% for the shares and about 100% for the call option.
divergence on the RSI and MACD while the price went sideways in consolidation.
Volatility has contracted as have trading volumes. I see this as a buying
opportunity with a stop loss of 20.5 below the low pivot in consolidation and the first
target at 22 underneath a standard retracement with the final target at 25 in the area of
the early November pivot high. A call option set at a strike of $22 expiring in 4-7 months
is a supplement to the idea. I expect that interest rate fades or any lessening of geopolitical
tensions may affect things throughout the trade and perhaps force trade management along the
way. Overall, I have an expectation of 18% for the shares and about 100% for the call option.
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.