ACB Short Opportunity
ACB is starting to waiver as it approaches support and it's next test will be the final one for the trend. If it breaks here we're moving into a bearish move. However it could also hold and move higher the market does seem to be fading. The odds of a bearish move are picking up. I'm going to engage in a PUT position against ACB.
Buying 4x PUT EXP May 17 Strike 11 Cost is 0.85 per contract.
Target is going to be at $9.5 - $9
Buying 4x PUT EXP May 17 Strike 11 Cost is 0.85 per contract.
Target is going to be at $9.5 - $9
Trade closed manually
This trade went bad due to Merill Lynch catalyst
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Disclaimer
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.