Wednesday, January 8, 2020

I smell bacon - Update 4


Not thrilled we're creeping up, but we rejected off the 8ema and closed under it. In fact, we closed under the 3ema. So I don't see a good reason to sell yet.

We could be forming a Bearish Flag pattern, which is bearish. I'm -$388 under water on the Apr .75 Put, but ya gotta be able to take some heat. So, holding position and looking for 71 target.

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