Visa reports on 1/30 after market close - this is a follow up to my original trade idea (linked chart)
I bought 200 puts, even 202.50 is a good strike.
Risk is low - exits: if 30m candle closes over 204, more conservatively if 30m candle closes over recent high 203.64.
On 30min chart the stochastic make a sharp move down, which usually leads RSI. RSI tested 50 and dipped below again - this bounce is a strong indicator.
Candle patterns are bearish and there is resistance here against cloud.
Above indications support another move down - otherwise RSI will cross back over 50 and trade is closed.
I bought 200 puts, even 202.50 is a good strike.
Risk is low - exits: if 30m candle closes over 204, more conservatively if 30m candle closes over recent high 203.64.
On 30min chart the stochastic make a sharp move down, which usually leads RSI. RSI tested 50 and dipped below again - this bounce is a strong indicator.
Candle patterns are bearish and there is resistance here against cloud.
Above indications support another move down - otherwise RSI will cross back over 50 and trade is closed.
