Watched as AAL shot up to a big supply zone. Tagged it and rejected right away. Was a quick move but was able to get some good fills on puts right away for a nice swing back down after rejection.
Think it will bounce around for a bit but no trade plans until price drifts back towards either of the demand/supply zoneS. If supply, since it was such a very brief tag, I think it can hold up. But, then again with the stock being so beaten could even see a gap and go over it.
Think it will bounce around for a bit but no trade plans until price drifts back towards either of the demand/supply zoneS. If supply, since it was such a very brief tag, I think it can hold up. But, then again with the stock being so beaten could even see a gap and go over it.