TopOptionsAIerts
Oct 31, 7:53 AM
$CLSK NOV20 8C · still actionable
Zone:
$7.62 to
$7.72
Invalidation: close under
$7.29
Objectives:
$8.20, then
$8.58
The math: up 6.9% to the first objective and 11.9% to the second, against 5.0% risk on the invalidation, better than 2 to 1 to the second.
I like this swing because Friday flushed it to
$7.29 and buyers still closed it back at
$7.67. You are not chasing a run here, you are buying the washout with a clean line underneath it. If
$7.29 holds again,
$8.20 is the first spot to watch for buyers showing up again.
Watch:
$8.20
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