Isaiah 54:2 “Enlarge the place of your tent, stretch your curtains wide, do not hold back; lengthen your cords, strengthen your stakes.”
i.e. let's get ready for some blessings!
Groundhog Day Trade #2
Here's the chart:
We had 2 consecutive closing days above resistance, which coincides very closely with our last high. The MACD looks like it's starting to move higher and earnings is behind us. All systems are go!
The stop is place a couple of support levels down and we've gotta look at a longer chart to find our next level of resistance (i.e. target) above.
The target is $25.75. I bought the May 22 Call for $3.31, so I've got plenty of time for this trade to work out.
Now, I just sit back and let the market work.
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