Based on multiple indicators it is clear that SWKS is about to fall and here they are
Guth 3x confirm: Triple sell signal
D+ Large cloud of bearish divergence indicating strong bearish strength as well as 3 sell signals
Kurotoga Cloud: Shows support at $188.75 but second level support at $184.48
My plan? SWKS is up post market according to Trading View but not my brokerage. Was hoping I could say the 1 hour or 2 hour chart show signs of a start of market pop tomorrow but both time frames show strong sell signals.
187.50 put is under my radar and I plan on purchasing at market open.
Will keep everyone posted with trade activity.
MACD also critical but I did not put that in, worth looking at.
Guth 3x confirm: Triple sell signal
D+ Large cloud of bearish divergence indicating strong bearish strength as well as 3 sell signals
Kurotoga Cloud: Shows support at $188.75 but second level support at $184.48
My plan? SWKS is up post market according to Trading View but not my brokerage. Was hoping I could say the 1 hour or 2 hour chart show signs of a start of market pop tomorrow but both time frames show strong sell signals.
187.50 put is under my radar and I plan on purchasing at market open.
Will keep everyone posted with trade activity.
MACD also critical but I did not put that in, worth looking at.
Trade active:
Sorry for the delayed update, this ended up turning into a day trade.
Bought 5 puts at 1.00 a contract and then Sold 5 puts at 1.35 a contract.
Happy to take a 35% return and not be too greedy and end up losing $$
Bought 5 puts at 1.00 a contract and then Sold 5 puts at 1.35 a contract.
Happy to take a 35% return and not be too greedy and end up losing $$