TopOptionAlert
Oct 21, 11:51 PM
$CLSK NOV20 9C · still actionable
Zone:
$8.69 to
$8.81
Invalidation: close under
$8.27
Objectives:
$9.30, then
$9.80
The math: up 6.3% to the first objective and 12.0% to the second, against 5.5% risk on the invalidation, better than 2 to 1 to the second
Dear friend, picture a name that fell hard for a month and then stopped falling right where it had to hold. That is this swing setup. CleanSpark dipped to 8.27 today and buyers stepped in to close it at 8.75, up 3.8 percent on the day, which tells you the low near 8 is still being defended and there is room back toward the levels it left behind.
P.S. Watch the 8.27 low most of all. A close under it changes the whole story, while a push over 8.94 starts the repair.
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