$CCJ closed calls for small gain and went short
Updated
CCJ daily candle closed pretty bearish today, and looking at the two upper resistance lines, I'm favoring the downside trade after taking small gains on my longs.
An idea would be to go short with MARC 23 puts.
First target is the 20day MA (blue line) , a break lower there and I'd be targeting the trendline support (black line)
An idea would be to go short with MARC 23 puts.
First target is the 20day MA (blue line) , a break lower there and I'd be targeting the trendline support (black line)
Note
Stopped out small loss, tough action went back long let's see if we get continuation
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