BUY Signal Flashing!
Today's selloff saw the validation of the $215 support line, forming a nice cup and handle formation.
Expect a move back to the $230-$233 level, where again strong resistance comes in. If market continues to rally, we could see this happening within the next 2 weeks. The MACD & RSI both indicate that it is time to go long here, however, keep a look out on the current market trends.
With an almost blue wave, short-term volatility is expected. But if you're investing long-term, buy the dip here!
For an options trade:
BTO Feb 19 2021 $230 Call ($4.8 - Low risk/High reward)
Expect a move back to the $230-$233 level, where again strong resistance comes in. If market continues to rally, we could see this happening within the next 2 weeks. The MACD & RSI both indicate that it is time to go long here, however, keep a look out on the current market trends.
With an almost blue wave, short-term volatility is expected. But if you're investing long-term, buy the dip here!
For an options trade:
BTO Feb 19 2021 $230 Call ($4.8 - Low risk/High reward)
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