STMicroelectronics NV Sponsored ADR RegS
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STM long

114
STM nice weekly chart. Breakout over 25.2 should give the next leg up.
Safer to go with 25 calls if playing short term.
Better option is the July 27.5 or 30 calls to buy and hold for a few weeks.
Nota
Negative day, but still holding within the cup. Will monitor this closely. Pattern still valid for now.
Nota
Gap down and close below CUP today. Long idea invalidated. Staying away for now since chip stocks had really bad 2 days. Will wait for market to stabilize or new setup.

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