TopOptionAlert
Oct 25, 5:05 AM
$PATH NOV20 14.50C · still actionable
Zone:
$14.03 to
$14.23
Invalidation: close under
$13.62
Objectives:
$15, then
$15.73
The math: up 6.2% to the first objective and 11.3% to the second, against 3.6% risk on the invalidation, better than 3 to 1 to the second.
Dear friend, picture a stock that quietly climbed a staircase all week, one step at a time, from
$12.85 on Monday to
$14.13 on Friday, with buyers showing up on real volume every single day. That steady climb tells you the selling that knocked it down earlier in the month has run its course for now, and the next steps up are plain to see at
$15 and then at the analyst consensus near
$15.73. This swing simply rides that staircase, and a close back under the Friday low of
$13.62 says the steps broke and the plan steps aside.
P.S. Watch
$14.15 first, the Friday high, because a close above it turns that ceiling into the next floor.
0 replies
