I entered this trade on OCT 20th buying 4 calls at a $90 strike expiring on January 15th. this trade looked appealing because of the ascending triangle pattern displayed. I held my position though market volatility during election week. I was strongly believed in Starbuck due to their rapid recovery from march lows as well as the positive earnings report they...
NASDAQ:SFIX
Inverse Head & Shoulders
SFIX has been showing bullish trends since the stock attempted to challenge the Support / Resistance line on September 18th. From the accompanying Chart, we can see that the stock is showing Inverse Head and Shoulder movements as it gravitates to the Support / Resistance line (Yellow Line). This creates an opportunity to...