TRADE IDEA 1/29/18 [CAT]

in #money7 years ago

This is an idea, not financial advice.

With the State of the Union address nearly upon us, Trump may try to sell his $1T tax "infrastructure" plan--aka stimulus-- to the Congress and the US.

Looking at the chart, CAT made a nice bounce off of a previous pivot low. A good entry point is somewhere closer to the low of yesterday's candle near the first line of support.

I'll be looking to buy March 09-18 weekly calls with a strike of 162.5. (monthly options are kind of expensive) Risk is kinda low but I'd like to buy in with an underlying price of 160 area. Stop should be set at 159.6, or below the hammer established today. Target price $180.

https://www.tradingview.com/x/4phRNbFM/

Sort:  

All cats have claws, and all except the cheetah sheath them when at rest.

............................................________
....................................,.-'"...................~., .............................,.-"..................................."-., .........................,/...............................................":, .....................,?......................................................, .................../...........................................................,} ................./......................................................,:`^`..} .............../...................................................,:"........./ ..............?.....__.........................................:`.........../ ............./__.(....."~-,_..............................,:`........../ .........../(_...."~,_........"~,_....................,:`........_/ ..........{.._$;_......"=,_......."-,_.......,.-~-,},.~";/....} ...........((.....*~_......."=-._......";,,./`..../"............../ ...,,,___.`~,......"~.,....................`.....}............../ ............(....`=-,,.......`........................(......;_,,-" ............/.`~,......`-...................................../ .............`~.*-,.....................................|,./.....,__ ,,_..........}.>-._...................................|..............`=~-, .....`=~-,__......`,................................. ...................`=~-,,.,............................... ................................`:,,...........................`..............__ .....................................`=-,...................,%`>--==
...................................................,-%.......`
...................................,

A healthy cat has a temperature between 38 and 39 degrees Celcius.

Congratulations @imronburgandy! You have received a personal award!

1 Year on Steemit
Click on the badge to view your Board of Honor.

Do not miss the last post from @steemitboard:

Trick or Treat - Publish your scariest halloween story and win a new badge
SteemitBoard notifications improved

Support SteemitBoard's project! Vote for its witness and get one more award!

Congratulations @imronburgandy! You received a personal award!

Happy Birthday! - You are on the Steem blockchain for 2 years!

You can view your badges on your Steem Board and compare to others on the Steem Ranking

Vote for @Steemitboard as a witness to get one more award and increased upvotes!