SA potentially still holding up?The key level to monitor here is $18. SA took a tumble after establishing a recent high (not ATH) at 20.55. As of Friday it is still holding its long term uptrend line that started in February.
How I would play this:
A call option to capture the swing on the 4h chart when price closes above of 18, with a stop at 17.5. If it works and I can cover my initial cost, I will keep a few shares through earnings. Profit Target 1) 19 and 2) 20.
