#GPK #short #stock #H&S
GPK short. 3.4 RRR
SEP 18 Puts $.95/1.15
If by June 30 2018 price at least $13.60 expect a minimum of 70% return (70 cents). That is enough to cover the spread and still make a health profit. If option falls below or equals 45 cents exit trade.
Daily
GPK has formed an H&S with a higher right shoulder than left shoulder. Stoch his setting up for a down move. MACD setting up for a possible further down move. OBV in decline
Weekly
All three indicators are in decline on the weekly: MACD, Stoch RSI, OBV. Price action has formed a H&S on the far right of the chart.
monthly
two of three indicators rolling over: MACD and Stoch RSI. OBV still looks good. With overall market in decline this stock will likely go decline into the support levels identified in the chart.
SEP 18 Puts $.95/1.15
If by June 30 2018 price at least $13.60 expect a minimum of 70% return (70 cents). That is enough to cover the spread and still make a health profit. If option falls below or equals 45 cents exit trade.
Daily
GPK has formed an H&S with a higher right shoulder than left shoulder. Stoch his setting up for a down move. MACD setting up for a possible further down move. OBV in decline
Weekly
All three indicators are in decline on the weekly: MACD, Stoch RSI, OBV. Price action has formed a H&S on the far right of the chart.
monthly
two of three indicators rolling over: MACD and Stoch RSI. OBV still looks good. With overall market in decline this stock will likely go decline into the support levels identified in the chart.
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