TTC The Toro Company Options Ahead of EarningsAnalyzing the options chain and the chart patterns of TTC The Toro Company prior to the earnings report this week,
I would consider purchasing the 105usd strike price Calls with
an expiration date of 2023-9-15,
for a premium of approximately $1.52.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
Looking forward to read your opinion about it.
TTC
TTC - Bearish ViewTTC has formed an expanding megaphone that is similar to one seen earlier in the prices history
The earlier one acted bearishly upon the third touch on the lower trend line
Right now the third touch is occurring on the current expanding megaphone
Will it break down like the first?
I have tried to show this breakdown roughly with a red bars pattern
TTCBTC a hort short term opportunity to make profitCurrent situation at the Bitcoin market brings a nice volatility to alts market. Many coins start to grow rapidly. Market scan revealed that TTC gains momentum for a good run.
There is a technical study of 1 and 12 hours timeframes. We can see that the price touches the support level and bounces while indicators are bullish. More thorough analysis of market players behavior reveals a three drives pattern in a parallel channel. With a subsequent volume increase there should be a significant breakout soon. Bullish divergence of price action and price oscillator confirms the forecast
Signal information
Position: TTC/BTC
Exchange: Bittrex
Duration: Short term
Risk level: Medium
Buy zone:
0.0000221-0.0000240
Sell targets:
0.0000257
0.0000269
0.0000284
0.0000304
Stop loss:
Below: 0.0000213