NE In charting we must trust

11/19 - OPTION PLAY *Queued, 2 contracts*
NE 11/23 4.50 CALL dip buy 0.09 (0.10)
IV 63.29% Volume 509 Open Interest 529
sell at 0.21 share price 4.65

I'm hoping for a play here. If i crash and burn, at least i made the jump. Why do i have faith in NE right now?
#1 MACD about to cross north
#2 RSI is basically at an oversold point
#3 $4.50 is very close to current closing price
#4 The $4.37 support line has been tested many times over the last 10ish days and is prepared to make a move. I just hope it moves north.

*Let's see what happens!*

Trade aktif

So far this has absolutely not worked out. But I gotta keep the faith. That being said, my target is $4.65. If it was to get there, it would have to make a 12.8% run (currently $4.12). That's a tough sell, but I felt I had to make the play; the indicators said as much. We'll see how it goes...

mrmaximo74

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mrmaximo74