ASIX with a close above the resistance line at $50.5 zone and support at 30day MA , leads me to believe we turn higher after cooling off from the 33-57 leg
Oscillators are turning with good volume and relative strength in a weaker tape market.
In the resin / fertilizer basic materials space, LWLG another name also with a bullish chart IMO.
Keeping this one tight, two closes below the 30 day MA and I'll close my JUN 60 calls, already up 35% and I think there's more room to the upside / good RR on this trade idea IMO.
Cheers
Oscillators are turning with good volume and relative strength in a weaker tape market.
In the resin / fertilizer basic materials space, LWLG another name also with a bullish chart IMO.
Keeping this one tight, two closes below the 30 day MA and I'll close my JUN 60 calls, already up 35% and I think there's more room to the upside / good RR on this trade idea IMO.
Cheers
Comment:
Breakout with upper trendline with confirmation , calls up 41% so far, move stop to break even ... looking for new highs.