My largest swing following the whale buyer of 23,400 JUN 17 $80 calls on 11/18.
Love this set up.
Fundamentally - great ER beat and raise in guidance, with various BUY analyst ratings and PT $75-80. I'm bullish agriculture and fertilizer market goes hand in hand.
Technically - Moving through the upward channel, post ER algo push down, accumulation with great buy volume (usually an indication a future move to the upside will occur) on the 50EMA. MACD cross, bullish divergence on RSI and QQE momo turning to buy.
Wouldn't be surprised one more shakeout / break lower (I will add to the position) before she rips.
Noting nothing is ever certain in trading but this is a juicy swing set up with good bullish confluence I like the R/R a lot here.
Love this set up.
Fundamentally - great ER beat and raise in guidance, with various BUY analyst ratings and PT $75-80. I'm bullish agriculture and fertilizer market goes hand in hand.
Technically - Moving through the upward channel, post ER algo push down, accumulation with great buy volume (usually an indication a future move to the upside will occur) on the 50EMA. MACD cross, bullish divergence on RSI and QQE momo turning to buy.
Wouldn't be surprised one more shakeout / break lower (I will add to the position) before she rips.
Noting nothing is ever certain in trading but this is a juicy swing set up with good bullish confluence I like the R/R a lot here.