New Trade - TSO

Isaiah 40:4 “Every valley shall be raised up, every mountain and hill made low; the rough ground shall become level, the rugged places a plain.”

You've already seen the markets from the last post, so let's look at the chart for this new trade - TSO:

LOVE this chart as well. Higher lows (no blue circles this time). Price staying above the 50 day moving average, a close above the high of the low day (albeit a few days later), stochs screaming higher, MACD's looking like they are ready to roll up, and combined with the overall market action we have an edge.

I bought the August 27 Call for $2.65. The stop is just below the low of the low day. The target is simply the area of the most recent highs where the sellers pushed down the price (i.e. purple line).

Let's make this a quick profitable one as well...