TopOptionsAIerts
Nov 7, 10:52 AM
$PATH NOV20 13.5C · still actionable
Zone:
$12.91 to
$13.09
Invalidation: close under
$12.75
Objectives:
$13.83, then
$14.23
The math: up 6.4% to the first objective and 9.5% to the second, against 1.9% risk on the invalidation, better than 3 to 1 to the first and about 5 to 1 to the second.
I like this swing because you are buying the washout, not chasing a breakout. PATH just gave back the run to
$14.23 and held
$12.79 twice, so the zone sits right on the level that has to hold. The invalidation is clean at
$12.75, so you know where you are wrong before the move starts. If buyers defend
$12.79 again,
$13.83 is the first spot to watch.
Watch:
$13.83, the November 4 high.
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