LW trade ideas

TRADINGIDEAS01

23/07/2019 LW SHORT 63.10 64.03

PNL_only

Earnings

hungry_hippo

Good company but overpriced, similar to Costco. High PE ratio, low dividend yield. Doing a small earnings play here with out of the money puts, expect it to close the gap.

Astatine

I see LW in a bear flag, which will likely lead into the gaps down below

OneUmbrellaGroup

Short Zone: 72.50-75.75 1st Target Level: 68.00-69.00 2nd Target Level: 66.00-67.00 Technical Guidance Resistance Trend Line at 75.75 Support Trend Line at 65.10

orcun Updated 

stock in a channel 8ema diving down to cross 48ema