MoneyPatterns

SIX - Double Downgrade - Possible Bounce

NYSE:SIX   Six Flags Entertainment Corporation New
Multiple downgrades on same day (1/10). Possible bounce.
www.marketbeat.com/s...SE/SIX/price-target/

Trade Entry
Options are only monthly with SIX. No optimal options strategy.
Day trade or swing trade shares. Hold week or less. Will do my best to update if alert hits.

Chart Details
SIX created large gap on downgrades.
Looking to hit previous support around $33.29. May go down to $31. Set alert for long entry here.
Possible bounce to fill recent gap up to $42.
RSI and trend is oversold. Watching for entry.
Gap fill to $42 is greater than 10% gains in short time. :)

About Me
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Website will be ready for launch mid-January 2020.
Disclosure - I am long BTCUSD, GBTC. Short term GDX Bullish, SPXS Bullish, MCD Bullish

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