Ticker: WES
Position:
~ $7.00 Strike Call (Currently around $0.62/ contract)
~ May 15th expiry
~ Delta = 0.57
~ Risk no more than $300 (4-5 contracts)
Exit/ Profit Targets:
~ Close below the neckline = exit trade (approximately $6.00)
~ Initial target = $8.00
~ Secondary target = $11.00
Rationale:
~ Inverted H+S breakout
~ RSI confirming latest move higher
~ Presence of a gap (stretch target)
~ Moving averages are suggesting (at least near-term) a continued bounce
-TradingEdge
Position:
~ $7.00 Strike Call (Currently around $0.62/ contract)
~ May 15th expiry
~ Delta = 0.57
~ Risk no more than $300 (4-5 contracts)
Exit/ Profit Targets:
~ Close below the neckline = exit trade (approximately $6.00)
~ Initial target = $8.00
~ Secondary target = $11.00
Rationale:
~ Inverted H+S breakout
~ RSI confirming latest move higher
~ Presence of a gap (stretch target)
~ Moving averages are suggesting (at least near-term) a continued bounce
-TradingEdge
交易结束：到达目标
Exited WES at $1.85/ Contract 193% Profit
For more analysis, consider joining our telegram group for trade updates and ongoing opportunities, link in my profile.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
For more analysis, consider joining our telegram group for trade updates and ongoing opportunities, link in my profile.
相关出版物
免责声明
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.