Weekly Naked Puts for XLK
MACD shows the loss of momentum for the uptrend at the key resistance level, with an additional confirmation of divergence on the stochastic.
I assume market could be going south from here.
The concern for the trade is EMA(15) might act as a support. That's a factor that adds to the risk of this trade.
I assume market could be going south from here.
The concern for the trade is EMA(15) might act as a support. That's a factor that adds to the risk of this trade.
Trade closed manually
Exercising Buyer right and closing the trade for the profit of $69 per contract
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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.