Feb. 4 at 3:02 PM
$O The chart still looks good. Price is holding above my two moving averages (9 EMA green, 21 EMA orange), and it’s making higher highs. That’s basically the market saying “we’re still trending up” even if it chops a little.
If you’re thinking calls, the smart way to play it is:
Give yourself time (45+ days is ideal). Don’t buy weeklies on a slow mover like O unless you enjoy pain.
Enter on a pullback or a clean bounce off the 9/21 EMA, not after a big green candle.
If it starts closing under the 21 EMA on the 15m/1h, that’s the warning sign to tighten up or get out.
Simple version: trend is up, don’t chase, and don’t let time decay eat you alive.
