$ATKR Potential breakout
Updated
ATKR good earnings growth, nice VCP rounded base chart with potential breakout. Seeing good buy volume and testing $120 resistance level now.
Can go long shares as options aren't extremely liquid, I'm trading JUL 120/125 debit spread looking for a breakout higher to $125 target.
Rejection here could be looking back to 105 zone... my bias is long after a good earnings release and evidence of volume buyers
Can go long shares as options aren't extremely liquid, I'm trading JUL 120/125 debit spread looking for a breakout higher to $125 target.
Rejection here could be looking back to 105 zone... my bias is long after a good earnings release and evidence of volume buyers
Trade closed: stop reached
Stopped out wow someone liquidated. Worth noting utilizing the debit spread instead of just long calls, I minimized my risk exposure, so being wrong on this didn't hurt the bank.
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