Long XLE via June 15 '18 71 Calls
Updated
Attractive risk/reward after significant sector underperformance vs SPY
S/L below demand zone around 66
Increased confidence above 68.25 opening up room towards 50% retracement area
S/L below demand zone around 66
Increased confidence above 68.25 opening up room towards 50% retracement area
Note
Trade evolving well. Aiming for a close above 68.25 which should open up some room to the upside as initially mentioned.Trade closed: target reached
Great timing and great move. Took profit and move on to next idea.
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