Here's the chart for another new trade today, RES:
Deja vu. Looks similar to WMB doesn't it. We have a close above the high of the low day in the pullback from our current bull trend. We even got a little uptick in volume today. Earnings have passed, stochs are just coming up out of the oversold zone and the MACD is looking like it may start turning bullish. Textbook bullish entry.
Looking to hit the most recent high and take profits there. Will take a loss if get 2 consecutive closes below the low of the low day. Simple as it gets.
Bought a June 25 Call for $1.55.
By the gracious hand of God, we'll get another profit!
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