This is a nice setup on the daily chart where a large bullish pin candle formed off of a major trend line support and a minor trend line support. As an added bonus there was an increase of volume in the pin showing buying volume as buyers defended the price level.
Note
I am personally in the trade through short puts. Once could be short puts for a long bias with a bit of insurance or long stock for a strong bias.
Note
Earnings are right around the corner which should get this stock really moving.
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.