SKX - Long Call Entry
Updated
SKX has done really well since the huge gap down on last ER. I have scalped puts on SKX for 50% and 75% profit respectively. But I think I think it is time for some calls. Once 30 breaks, the MACD should cross bullish above 0. That's one of the strongest long buy signals. The downtrend will offically be broken. Also, 30 has acted as resistance in this previous run up. I don't like SKX fundamentally, so I only plan to hold for a few days until chart shows reversal. Hopeful for a run back to 32 as this fills the gap.
Note
Check out the free options group for more post like this...discord.gg/k6nJVk
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.