ACN has been a strong uptrend on for the last 6 months. Prices are current consolidating between Darvas levels $145.75 and $148.60. In addition to the strong trend, the chart has a clear WAVE (34ema H/L/C) and Propulsion Dots.
Overall market trend is still up and with trend direction. Earnings will be report 12/21/17, so we will need to be aware of volatility and be prompt in taking profits.
I will play a breakout of the upper Darvas level at $146.70 to a measured move first target of $151.45.
Buy Jan18 150 Call options at $3.70 OBO.
Overall market trend is still up and with trend direction. Earnings will be report 12/21/17, so we will need to be aware of volatility and be prompt in taking profits.
I will play a breakout of the upper Darvas level at $146.70 to a measured move first target of $151.45.
Buy Jan18 150 Call options at $3.70 OBO.
Trade active
Prices gapped up at the open with a pullback to 148.72. I had to pay up for the options at $4/contract. Prices currently sit 1/2 way to our target. Waiting for 151.45 price target based on measured move.
Substack - The Bandito Review
@egrajek
@egrajek
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Substack - The Bandito Review
@egrajek
@egrajek
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.