Forex Stock Exchange Forum
Would you like to react to this message? Create an account in a few clicks or log in to continue.
Forex Stock Exchange Forum

Forum About Trading on Forex,Stock,Binary Options, CryptoCurrency and NFTs


You are not connected. Please login or register

Silver Corp. (AG)

Go down  Message [Page 1 of 1]

1Silver Corp. (AG) Empty Silver Corp. (AG) Tue Jan 31, 2017 7:46 pm

dzonefx

dzonefx
Moderator

Silver Corp. (AG), $9.43

Weekly Chart
[You must be registered and logged in to see this image.]

Trade:   Over $9.65, we recommend buying 10 April 7 calls (80 DTE) for and selling the Feb 10 calls at the mid-point (currently $2.95/share).   This trade is called a bullish diagonal.  The intent is to profit from the longer term ITM calls while reducing our cost basis by selling closer OTM calls to reduce our cost basis.  This trade alert is good until cancelled since it will be bullish when triggers.  Note:  Holding over earnings is higher risk.

Strategy:    Anticipated breakout daily and weekly charts, with bullish reverse head and shoulders pattern weekly and bullish engulfing monthly with price void above.

Max Loss:  Debit paid.
Stop Loss:  $8.48.

source: mastertrader

Back to top  Message [Page 1 of 1]

Permissions in this forum:
You cannot reply to topics in this forum