GM Overbought Intraday

26 มิ.ย. 2019

I have no idea why this is going pumptarded, but it's overbought on the intraday and pretty close on the daily.

Small position in weekly puts, already dropped 12c since I bought them....


Note: This may be a day trade or a quick flip tomorrow morning.

26 มิ.ย. 2019

บันทึก

Appears to have rolled over after a surprise double top. Target is a modest $37.5, top of last peak. Old resistance is new support so I've been told.

27 มิ.ย. 2019

บันทึก

Looks like an exhaustion gap. We'll see tomorrow.

28 มิ.ย. 2019

ปิดการเทรด: ถึงเป้าหมายการตัดขาดทุน

Obviously not a reversal pattern. Bailed with a loss on this one. I think it's strictly a dividend play with rates being cut.