Buying some mid term CALLS on 1800-FLOWERS.com
Random company. Midcaps should do well in the next few weeks, especially ones that sell to domestic US markets and have very little exposure to the trade war risk. Somewhat of confluence in this chart with inverted head and shoulder pattern on very high time frame, bottomed out RSI with a clean retest of the neckline.
this is either a good buying opportunity, or the beginning of a new trend to the downside, thus you can use a stop loss of about 2-4% and trade that risk for a potential of 10-15% of upside within the next month
good luck happy trading
this is either a good buying opportunity, or the beginning of a new trend to the downside, thus you can use a stop loss of about 2-4% and trade that risk for a potential of 10-15% of upside within the next month
good luck happy trading
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