PRPL
Breakout - Above 32.80/ 33 (Buy)
Support - 32/ 32.50 (Cut Loss)
Targets - 33.50/ 35/ Above 36 (Trim or Sell)
Analysis - The inverted head and shoulders pattern indicates a movement towards a bullish trend(Top Yellow). Following that it has formed a bullish wedge if you look at the past 3 months(Yellow). It is forming a symmetrical triangle(Pink) over the past 2 weeks off of the IHNS and Bullish wedge. I believe we will see a breakout at 32.80/33. The MCAD also is buy. All moving average technicals are BUY and the RSI is good. I believe an option for 35 strike with an expiry at 1/15th is good. I need to learn to interpret the theta to figure out the better choice. I think we will see a slight pullback before the breakout
Breakout - Above 32.80/ 33 (Buy)
Support - 32/ 32.50 (Cut Loss)
Targets - 33.50/ 35/ Above 36 (Trim or Sell)
Analysis - The inverted head and shoulders pattern indicates a movement towards a bullish trend(Top Yellow). Following that it has formed a bullish wedge if you look at the past 3 months(Yellow). It is forming a symmetrical triangle(Pink) over the past 2 weeks off of the IHNS and Bullish wedge. I believe we will see a breakout at 32.80/33. The MCAD also is buy. All moving average technicals are BUY and the RSI is good. I believe an option for 35 strike with an expiry at 1/15th is good. I need to learn to interpret the theta to figure out the better choice. I think we will see a slight pullback before the breakout
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.