MAN has repeatedly gone up in huge ways every single time the monthly RSI has crossed below 30. We have now seen back to back months dipping below and now it’s on its way up already!Check its history and you’ll see that typically within 2-3 months after it breaks the 30RSI it goes up 50-150% in price within just a few months! Some of those times it doubled in just 2 months.
History repeats itself and I don’t want anyone missing this one! $50 strike calls for September/December will pay handsomely. Short term grab $55 July calls for just .10-.15 each as they have earnings the day prior to the contract expiring—lots of volume on that strike also compared to all other strikes/monthly contracts.
I am going “all in” on this trade and will be buying 500 of the December $50c. I expect to more than double my position by the end of September.
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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.