SalesforceLong
BUY Signal Flashing!
Today's selloff saw the validation of the $215 support line, forming a nice cup and handle formation.
Expect a move back to the $230-$233 level, where again strong resistance comes in. If market continues to rally, we could see this happening within the next 2 weeks. The MACD & RSI both indicate that it is time to go long here, however, keep a look out on the current market trends.
With an almost blue wave, short-term volatility is expected. But if you're investing long-term, buy the dip here!
For an options trade:
BTO Feb 19 2021 $230 Call ($4.8 - Low risk/High reward)
Expect a move back to the $230-$233 level, where again strong resistance comes in. If market continues to rally, we could see this happening within the next 2 weeks. The MACD & RSI both indicate that it is time to go long here, however, keep a look out on the current market trends.
With an almost blue wave, short-term volatility is expected. But if you're investing long-term, buy the dip here!
For an options trade:
BTO Feb 19 2021 $230 Call ($4.8 - Low risk/High reward)
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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.
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.