0IL6 trade ideas
FFIV setting up for a fallIndicators have been trending down but price action has not followed. Inside period on weekly chart must be watched. A break to downside could ignite the powder keg. Earning next week also need to be watched. A small miss could also accelerate the downside movement.
Long is not advisable until after earnings, Short is a good risk reward ratio now. I've purchased Nov 20 OTM Put contracts for maximum leverage with min risk.
FFIV Keeps Trucking AlongStock looks even better today, fought off poor cisco earnings, currently above 200dma resistance on good volume but needs to close above, next target is 50dma at $87.19, December target $90 and then short as this stock is still in long term downtrend, rising MACD and RSI, plus 8 ema about to cross 21 ema on good volume is all very bullish, pullbacks should be bought
