Big green day.
Hitting resistance at $117 area. Could push to $121 before pulling back but I believe it will retest the $110 area before exploding higher.
With that I sell at $117 with aspirations to capture in the $110 area for the next rally upwards.
This saves me $7 per share if it retraces compared to the $4 per share potential gain. I believe here the risk is more to the downside after this explosive 5% move in a day
Hitting resistance at $117 area. Could push to $121 before pulling back but I believe it will retest the $110 area before exploding higher.
With that I sell at $117 with aspirations to capture in the $110 area for the next rally upwards.
This saves me $7 per share if it retraces compared to the $4 per share potential gain. I believe here the risk is more to the downside after this explosive 5% move in a day