Long

Match breaking out of basing formation into a flag

Updated

Also note decreasing volume as the price went down into the flag. Earnings happened nov. 5 so the earnings symbol on the chart is wrong. Ive seen lots of huge call positions being taken that expire in December with strikes up to 150. A breakout of this flag on Monday seems pretty likely

Trade active

Comment

This flag is still juicy

Comment

PT is 150

Comment

I think this might be the week where a decent move to 150-155 happens.

Trade closed manually

Trade active

I like this gap fill with low volume. Almost always a good area to enter with good RR. Earnings just happened so IV is low making their options a good price. Looking at 170c 3/19 tomorrow.

Comment

Looks good holding the gap fill and closing positive on a rather rough day in the markets.

Trade closed: stop reached

Disclaimer

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.