MARA - Bullish Cup & Handle Long Term Thesis
Summary: MARA has been forming a large cup & handle over the past 4 months and appears to be setting up for a healthy breakout. Looking for a long entry on daily close above 27 on handle break or a break above 27.5 with a 24.5 stop loss in mind. Time horizon for the trade is long term; pattern formed over about 4 months so I like to allow at least that much time for the breakout to play itself out hinting to the longer dated contracts.
P&L Assuming ~27 Entry:
Gain: $9
Loss: $3
Risk v Reward: 3:1
Possible Contracts:
25C for 3/21/2025 (currently @ 8)
30C for 6/20/2025 (currently @ 9)
P&L Assuming ~27 Entry:
Gain: $9
Loss: $3
Risk v Reward: 3:1
Possible Contracts:
25C for 3/21/2025 (currently @ 8)
30C for 6/20/2025 (currently @ 9)
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