Support held during sell off

I like how the support held during the sell off last week. Start with a small position, it may take a few days to consolidate before going higher. Also it can pull back during consolidation.
SL below the right shoulder, wait for the weekly candle to close. Calls options are not expensive and always a good option with high volatility stocks like this one. But give it time, expiration 2 months from now.

Trade active

Looks explosive:

Trade active

We had a rejection las week and price just landed on a support area 9.5 - 10. Let's wait a couple of days to see if support holds, I think it will. This also is brings up a good opportunity to sell some CSP since price will probable won't move much in the next days. I show in the chart a few CSP ideas, you can combine them and keep the juicy premiums.

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The market knows something. Today after the bell Lyft releases earnings. The price has been pushing up all week anticipating the results. I'm closing my long position and buying calls, that way if price sinks my loss is limited.

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Earning didn't move the stock much so I bought it again. This is a very conservative view, I think I can go even higher:

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I think is getting ready to try a breakout again:

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Finally, looks like it is breaking up. I waited a while for this

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Let's go!!

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What a market, unstoppable:

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Price was rejected from the 16 level resistance and heading to previous broken support at 12.5.
It might dance for a while on that support area before testing again the 16 level. You may want to sell some covered calls if you want to wait until that happens.

ArturoL

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ArturoL

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