Regions Financial BullishBought To Open (BTO) 8 Calls of Regions Financial (RF) on 04-21-2020.
Stock Price--$9.19
Calls Execution Price--$0.42
Strike 12, Expiration August Monthly
Small dotted line is price of Stock when I bought the Calls. Solid yellow line is Strike Price when RF will go In The Money.
I see a wedged Uptrend with Support and Resistance shown by orange trend lines. Expect Resistance at $11.00 from April 9, 13-14 2020 (Good Friday holiday weekend was reason for irregular trading days) and Resistance at $11.50 from 9-10 March 2020.
If RF breaks through $11.00 Resistance with no problems I will hold and wait for $11.50, and repeat. If it reaches either of those Resistance areas and is unable to break through after 3-4 days (ish) I will close position and take profits.
