Nice hammer off of key support

15 May 2018

A hammer formed off of a key support level. A good trade from entering at the support level and holding until nearest major resistance level.

15 May 2018

İşlem kapandı: hedefe ulaştı

I entered this trade as long stock somewhere around the 106.50-107 range and closed this morning @ 114. I had sold covered calls w/ 115 strike last week as I knew price would slow to give me a bit of downside protection. I was able to close both the stock and options for profit.