GM, y'all. Not a flashy chart -- just laying out the key levels I’m tracking. Price is respecting the descending wedge, trading between clearly defined trendlines. My bias leans lower here.
Watching that S-1 zone near $18.96 as the next potential support. If that fails, S-2 at the lower trendline could come into play. FWIW: Closed out my short puts with a solid gain--now waiting for the next setup.
If either level hits, I’ll be looking to sell premium again where the risk/reward skews back in my favor. 👀 GLTA.
Watching that S-1 zone near $18.96 as the next potential support. If that fails, S-2 at the lower trendline could come into play. FWIW: Closed out my short puts with a solid gain--now waiting for the next setup.
If either level hits, I’ll be looking to sell premium again where the risk/reward skews back in my favor. 👀 GLTA.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.