It broke out of a descending triangle and looks to start a 3rd (or C) wave. RSI shows that it's not oversold yet so it has some more room which helps complete this wave. Nonetheless a run is imminent and ER should help. If you want to be conservative and not purchase calls, Put credit spreads at the 19$ level has a 20% ROI premium at current prices (hopefully they stay that way tomorrow). I'll be looking to open a position.
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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.