AMPS - Cup and Handle **Earnings 8/14**
Setup Analysis on AMPS
Here we she a massive cup and handle on the 1hr Chart. Notice below volume increasing throughout the formation. Price has bounced off support at $6.03 and moved to $6.21, looks like its prime to go higher.
Earning Announcement 8/14 in Pre-Market which will add a lot of risk to this trade.
Current Position - 11/17 - $7.5 strike - Call - 0.50 (when purchased)
Price Target $7.89
Option PT - $1.25
Potential gain - 150%
Here we she a massive cup and handle on the 1hr Chart. Notice below volume increasing throughout the formation. Price has bounced off support at $6.03 and moved to $6.21, looks like its prime to go higher.
Earning Announcement 8/14 in Pre-Market which will add a lot of risk to this trade.
Current Position - 11/17 - $7.5 strike - Call - 0.50 (when purchased)
Price Target $7.89
Option PT - $1.25
Potential gain - 150%
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