Long

HCAT Technical trade THIS IS NOT ADVICE

Updated

This ticker looks to be expanding its name with recent acquisitions, but the real reason for the trade is technical in nature, with clear momentum to the upside, horizontal resistance levels being turned to support, bullish divergence on the longer time frame, technicals are setup to look for a return to previous levels off the backs of a strong Bulldiv rally from oversold levels, setting a stop below the recent swing low allows for a technical trade plan that removes emotion. The slightly impressive R/R lines up with the bottom of the recent march low making it conservative, too. if the position is large enough, it could be managed through selling calls and use the premiums to hedge against a drop, just close out any short calls before dumping shares and make sure any short calls are initially sold with a strike above entry. AS ALWAYS!! make sure that any calls sold are done so with a full understanding of any possible dividend liabilities or obligations.

NOT ADVICE, SIMPLY FOR FUN AND THEORY

Trade closed manually

closing at 0.40 gain per share, too much going on and too fast. still watching but not exposed.

Note

scalped

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Considering opening another position here, large enough to write some covered calls along the way to the finish line. Waiting for JHS to wrap up this weekend before making any moves, 100% cash.

Note

Great name but recent analyst activity downgrading and dropping price targets helped fuel the recent continuation to the downside. Not getting back in yet.

rolledchange

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