Ignore the badly drawn cloud. I was bored :)
Premise:
I wanted to get into
GILD last week and it looks too exteneded today. So I found this 
SWKS chart and it could make a similar move.
Breaking the trendline on a close above 99, making higher lows on the daily chart. Front running a breakout above of the March 23rd high at 102.77 MACD is trying to go higher. RSI trending higher. You don't need anything else to convince you a low risk long.
I bought a JULY 105 Call for $4.07 w 60 days til expiration (market maker was nice I put in a 4.20 limit offer)
Stop loss to get out with a close below 96.00 on the underlying price or a 30 day time stop which ever happens first.
Target is $106.72 on the underlying. It is the 1272 fib extension of the 3/23 swing high to 3/26 swing low.
Happy Monday.
Premise:
I wanted to get into
GILD last week and it looks too exteneded today. So I found this SWKS chart and it could make a similar move. Breaking the trendline on a close above 99, making higher lows on the daily chart. Front running a breakout above of the March 23rd high at 102.77 MACD is trying to go higher. RSI trending higher. You don't need anything else to convince you a low risk long.
I bought a JULY 105 Call for $4.07 w 60 days til expiration (market maker was nice I put in a 4.20 limit offer)
Stop loss to get out with a close below 96.00 on the underlying price or a 30 day time stop which ever happens first.
Target is $106.72 on the underlying. It is the 1272 fib extension of the 3/23 swing high to 3/26 swing low.
Happy Monday.
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.