ROOT - Daily - Break or No Break?
1. Indicators: RSI, MACD, and KDJ is well setup for a run.
2. Price and Volume just looks like the hulk wanna break out.
HOWEVER
1. financially pessimistic numbers and weak earning power
2. the past price performance is with doubt it will ever perform
3. the general "BIG TREND" is a downtrend, the consolidation started Aug 13 might just be a correction of the "BIG TREND"
If I were to play this, (in my opinion):
-Buy shares sell covered calls.
-option premium is great at the moment.
-sell some puts?
2. Price and Volume just looks like the hulk wanna break out.
HOWEVER
1. financially pessimistic numbers and weak earning power
2. the past price performance is with doubt it will ever perform
3. the general "BIG TREND" is a downtrend, the consolidation started Aug 13 might just be a correction of the "BIG TREND"
If I were to play this, (in my opinion):
-Buy shares sell covered calls.
-option premium is great at the moment.
-sell some puts?
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