PINS - Gap Fill to the $70 level In Play
Confirmed buy-out offer at $70.00 for PINS by PYPL.
Turns this pattern into a bull-flag and makes the gap fill at $70.00 a definite possibility likely very soon.
(Opinion only)
Turns this pattern into a bull-flag and makes the gap fill at $70.00 a definite possibility likely very soon.
(Opinion only)
Trade active
Trade active
Sold my 10/22 $70 calls for about 50% profit and rolled out into some 10/29 call spreads with a 4:1 profit/risk profile. (Not advice, just sharing my strategy)
Note
Trade active
Bull Flag intactAbove green-line (green means go)
Target 1.618 fibonacci extension which coincides with the $70 gap-fill.
Buy enough time to see it play out if playing. (not advice).
Trade closed manually
PYPL no longer pursuing.
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