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AAP BULLISH trade setup into earnings

NYSE:AAP   Advance Auto Parts Inc.
Bullish on AAP (advanced auto parts) . Charts looks like a bottom of the channel reversal, indicating an up move, in an overall down trend. This is based upon bullish daily candle formation as well as weekly TTM squeeze histogram. On the daily chart , we have Inside and up candles, and a TTM squeeze that fired. On the weekly chart, you have a shift from red to yellow histogram, indicating an end to downward movement. A+ setup in my opinion. I am buying calls 6 weeks out (02/17 strike), which will be a run up into earnings on 02/13. This should also propel the option price upwards as premium increases into earnings .
Feragatname

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