Reading chart from left to right:
TAP went through a bear phase from June to September of 2021 and an accumulation phase from September to December 2021.
We saw the first impulse out of the accumulation phase with it's punch to $52 and it did a classic 50% retracement to $48. We're seeing upward momentum in February which is signaling that there's potential for another measured move to $55. There's potential to go higher with a strong earnings report on Feb 24th.
I'm playing this trend move with an at the money call expiring March 18th. What's really nice is that the ATM Call option is relatively inexpensive ($1.40) and a move to $55 should yield ~80% returns.
TAP went through a bear phase from June to September of 2021 and an accumulation phase from September to December 2021.
We saw the first impulse out of the accumulation phase with it's punch to $52 and it did a classic 50% retracement to $48. We're seeing upward momentum in February which is signaling that there's potential for another measured move to $55. There's potential to go higher with a strong earnings report on Feb 24th.
I'm playing this trend move with an at the money call expiring March 18th. What's really nice is that the ATM Call option is relatively inexpensive ($1.40) and a move to $55 should yield ~80% returns.
Pernyataan Penyangkalan
Informasi dan publikasi ini tidak dimaksudkan, dan bukan merupakan, saran atau rekomendasi keuangan, investasi, trading, atau jenis lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Ketentuan Penggunaan.
Pernyataan Penyangkalan
Informasi dan publikasi ini tidak dimaksudkan, dan bukan merupakan, saran atau rekomendasi keuangan, investasi, trading, atau jenis lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Ketentuan Penggunaan.