Long | UMC

UMC

Possible Scenario: LONG
Evidence: Price Action
Call options, Strike 12.5$, 06/18/21

I see 2 different scenarios:
a- it hits the target Monday. then the position will be close
b- it will fall to buy-zone and then after consolidation for some days, it will goes to price targets, I prefer this one, because I can build up my position,
I'll open Tier 1 size position early morning based on pre market price action


This is my idea and could be wrong 100%,

Trade closed: target reached:

first scenario happened, and it went up to target price, it hit TP1, I reduced most of the position, it formed double top now, with the gap behind it, it's a possibility to fall, but if it goes up to next TP2, I have some position as well