Bullish pin off of a key support trend line w/ increased volume

15 thg 5, 2018

This is a nice setup on the daily chart where a large bullish pin candle formed off of a major trend line support and a minor trend line support. As an added bonus there was an increase of volume in the pin showing buying volume as buyers defended the price level.

15 thg 5, 2018

Ghi chú

I am personally in the trade through short puts. Once could be short puts for a long bias with a bit of insurance or long stock for a strong bias.

15 thg 5, 2018

Ghi chú

Earnings are right around the corner which should get this stock really moving.