- Breaking out of long term consolidation
- Look only at the weekly and monthly charts - daily charts fairly irrelevant here
- A 10-15% rally could happen if the stock gathers some momentum and get volume behind it
- Best play is to buy calls ATM 600 and sell 650 calls. Otherwise buy stock / May futures
- The stop will need to be at a level of 580 or when the momentum dies out - whichever first
Trade active:
Keep holding - dont take profits early
