That's the extent of my analysis here.
Price target picked by a volume weighted average, time target picked based on some historical bull wedge patterns on other stocks.
Price target picked by a volume weighted average, time target picked based on some historical bull wedge patterns on other stocks.
Trade attivo:
Nasty day today; watching for a good test of the bottom of the wedge between 37.00 and 36.75.
Commento:
Earnings this Thursday! I'm holding my long through earnings, haven't liquidated anything yet. I'm still optimistic about the trade.
Commento:
Pop!
Commento:
I'm putting in partial sells of my calls here and there at highish limit prices. Got hit a little bit already, will keep being greedy and eventually liquidate this way.
Trade chiuso: obiettivo raggiunto:
I'm out! Got 9.4% ROI. I was greedy, managed to sell a third at the top but waited for better without a great reason to expect it. Sold the rest much lower, today.
I think that decrease in volume with falling prices is a key part of a bull wedge, and can be interpreted as the "bears" losing steam or confidence. Naturally there's someone on the other side of every trade, so that interpretation isn't perfect.