1. BOUNCED OFF A PREVIOUS LEVEL OF SUPPORT
2. TRADING AT THE NEAR TERM VOL SHELF EXTENSION
3. 9 EMA GETTING READY FOR UPSIDE CROSS OF 21 EMA
4. MACD BULLISH CROSS OCCURED
5. LOST ALL BEARISH MOMO ON TTM
6. RSI STABLE, POINTING STRAIGHT UP
7. RETURNING TO THE MEAN OF THE OVERALL TREND
8. POSSIBLE ELLIOT WAVE 3 STARTING HERE
19.51 (ABOVE PIVOT) AGGRESSIVE ENTRY
19.70 BREAK AND RETEST FOR SAFER ENTRY
19.92 BREAK AND RETEST SAFEST ENTRY (OLD RESISTANCE)
APRIL 20C HAS 2940 OI, TIGHT BID-ASK
JULY 25/30C OI INTRIGUING
POSSIBLE BEAR CASE
1. 786 FIB LEVEL IS DIFFICULT TO BREAK
2. 19.92 RESISTANCE IS HISTORICALLY A TOUGH LEVEL
3. DOWNTREND RESISTANCE UP TOP (STILL LOTS OF ROOM)
4. APRIL OI 43% BEARISH STILL
OVERALL I AM BULLISH
2. TRADING AT THE NEAR TERM VOL SHELF EXTENSION
3. 9 EMA GETTING READY FOR UPSIDE CROSS OF 21 EMA
4. MACD BULLISH CROSS OCCURED
5. LOST ALL BEARISH MOMO ON TTM
6. RSI STABLE, POINTING STRAIGHT UP
7. RETURNING TO THE MEAN OF THE OVERALL TREND
8. POSSIBLE ELLIOT WAVE 3 STARTING HERE
19.51 (ABOVE PIVOT) AGGRESSIVE ENTRY
19.70 BREAK AND RETEST FOR SAFER ENTRY
19.92 BREAK AND RETEST SAFEST ENTRY (OLD RESISTANCE)
APRIL 20C HAS 2940 OI, TIGHT BID-ASK
JULY 25/30C OI INTRIGUING
POSSIBLE BEAR CASE
1. 786 FIB LEVEL IS DIFFICULT TO BREAK
2. 19.92 RESISTANCE IS HISTORICALLY A TOUGH LEVEL
3. DOWNTREND RESISTANCE UP TOP (STILL LOTS OF ROOM)
4. APRIL OI 43% BEARISH STILL
OVERALL I AM BULLISH