CNC Bullish Wedge

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• Falling wedge
• Bouncing at the 30dma, which has been significant in previous bull runs
• Been finding support at the +20% YOY level
• Put build as evidenced by the 50-day BTO P/C ratio at 1.03, in the 98th percentile
• Large open interest at the 65-strike call level expires this week
• Options are cheap – Equity VIX %Range in the 12th percentile

Setting stop below recent lows, target 1 - $75, target 2 - $80
Ghi chú
Sitting near stop, but looks like we'll close above. We'll need to watch closely in the morning.
Ghi chú
Starting to look like a failed move out of the wedge.
Đóng lệnh: dừng lỗ
Closed on the breach of $64
Beyond Technical AnalysisOscillatorsWedge

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