if it holds above 58.30 it could be a good long to 60
Have a great day all
Bearish gap and go on the daily. EMA's are bearish on all time frames. R:R is solid.
This morning a trader sold 620 $KLIC Apr $13 calls for $3.40 (paid $1.65 on January 5th) and bought the Apr $15 calls for $1.60 each. On average just 155 calls trade per day. Shares of the $1.3B semiconductor equipment are nearing a breakout above the $16.50 level, following the $FSL/$NXPI merger news. The stock isn't expensive either at a P/E ratio of 15.98x...
This looks to be a head and shoulders forming. The price action hit the neckline of the right shoulder. We'll see where it goes from here.