Potential break of $12.10 give technical upside potential of $13. High call premiums currently which woudl suit covered call type of position.
So far, RMBS behaving really well in channel, be it up or down channel Price gap up on friday but was rejected below neckline. Another test is expected and if fail again, you know what will happen. Still you have to trade with expectation that channel could be broken.
If price manage to break the neckline, my sell order will be waiting at the channel top
Not the best risk/reward, but the stock has a history of quick rips. Around 5.80 is where I take some risk off the table. Stop is under the 12/14 low.
Not the best risk/reward, but the stock has a history of quick rips. Around 5.80 is where I take some risk off the table. Stop is under the 12/14 low.