$WBD - Case for $12.50
Updated
Options volume signal, compared against techincal indicators, show movement capacity.
Must defeat the fib level at $9 to continue. if it gets rejected, will stay in it's range for recovery
My main concern is resistance levels. It does not do well when hitting historic resistance on the 4 hour chart but the 1day/1week chart show that it's ready to make a substantial move
Huge options volume at this specific price point for october so plenty of time and liquidity to cover. 3481 open interest with 30,000+ opened today at this strike in oct
regression channel shows it entering bull range and with this level of volume and interest, can repeat it's last bullish regression channel trend.
not trade advice
Must defeat the fib level at $9 to continue. if it gets rejected, will stay in it's range for recovery
My main concern is resistance levels. It does not do well when hitting historic resistance on the 4 hour chart but the 1day/1week chart show that it's ready to make a substantial move
Huge options volume at this specific price point for october so plenty of time and liquidity to cover. 3481 open interest with 30,000+ opened today at this strike in oct
regression channel shows it entering bull range and with this level of volume and interest, can repeat it's last bullish regression channel trend.
not trade advice
Note
grinding against the regression mid point like a housewife that hasn't made it out on the town in months. will it break the trend?Note
on path but slow
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