Strangles Options $SE 160/150 with targets at 180/135 for 2 wk
Updated
Possible break out 160 and jump to 180 but as much as this company have very bad earnings for the last 4 quarters, if break down 150 will lead to 135 then 115 so strangle between 160-150 with targets at 180 or 135 within 2/3 weeks period!! . RSI still showing negative divergence and if RSI break out these divergence then SE will jump strongly to 180 or higher but if its keep rejected then 135 is more likely !
Trade active
Strangle was good choice .. Reached 162 on Monday then faded to 155. fake break out signal closed with red candle too.. Trade active
180 could be immanentTrade active
Trade closed: target reached
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