IIVI was cited as a LONG with a strong upward trend in its trading channel, but it has since failed the support line of that channel. For this trader at least, that represented a partial-exit from the position. That is not advice, but the decision was made to shorten my position on II-VI even as it has only descended a still-significant 1.59% on the trading day...
This is merely chart work ideas and not expected to serve as hard-line advice; do your own research, etc. II-VI potential 1/2 or full-exit just over 50/s per the trade channel w/ a (POTENTIAL) Spike out of it, to the 50+ range by OCT 27-29; Closes month 50+/s This is (ALSO) not advising for an option on a call at all. It is speculating a high immediate upside...
$IIVI has been on the rise since the News it would function largely in the production of Apple 5g. A previous LONG was called while still <41 / s, and it is now hovering near 45/s. That said, an entry at this point for a mega-long still makes plenty of sense. The adjusted trend lines show the (perfect) entry and exit points within the last month: The green trend...