I have a sine wave line on the chart as well as a few EMAs.
BEKE had been using the 50 EMA as resistance for close to 1 yr and now it is waaay below that 50 EMA line. i expect a retest of the 50EMA resistance on a strong volume push and if that breaks, we could see BEKE go as high as $50+.
In the meantime, BEKE should retest $29 and on strong volume, push to $38+
let me know your thoughts on this as well.
:)
BEKE had been using the 50 EMA as resistance for close to 1 yr and now it is waaay below that 50 EMA line. i expect a retest of the 50EMA resistance on a strong volume push and if that breaks, we could see BEKE go as high as $50+.
In the meantime, BEKE should retest $29 and on strong volume, push to $38+
let me know your thoughts on this as well.
:)
Trade active:
So this trade is now an active trade. I am buying the stock as well as call options. Target price is the Gap to fill between $33.04 and $37.28 by Mid June 2022.
Call option i'm getting is 07/2022 $35 Calls currently at $191 ASK and $165 Mid.
As always, share your thoughts, do your own DD.
Call option i'm getting is 07/2022 $35 Calls currently at $191 ASK and $165 Mid.
As always, share your thoughts, do your own DD.