TRADE - 2/14, 600 puts - Is 2nd move down today?
See how this weekly candle closes, and note height of RSI. There is support at 650-675 on hourly chart, at the 20sma on daily chart.
***Note on hourly chart the RSI tested 50 and turned back down. It should stay lower if stock moves lower.
No way to know how much selling will occur; it could back to 500 or bounce from first support - so be happy with your risk!
***Note on hourly chart the RSI tested 50 and turned back down. It should stay lower if stock moves lower.
No way to know how much selling will occur; it could back to 500 or bounce from first support - so be happy with your risk!
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Opened 2/14 expiry, 600 put at $6.80. See Thursday's 5min chart, at 3pm, and note stochastic oscillator %K gave a signal by crossing from over 80 to under 20 in 3 periods (candles). Also on hourly chart the %D stochastic is under RSI, which should stay under 50 if stock is to drop.Trade closed manually
Closed put for $6.50 because candle closed over 5min downtrend line. Connect closing points since 11:30am yesterday and you will see today's 11:35am candle closed over the line.
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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.