LH Buying dip/ Swing Trade
Diupdate
"LH" stock is in a nice uptrend and as you can see on the chart that right now we are testing the 50 day moving average which could be the new support. By drawing a fibbonnacci extension to 127% of the last swing, the stock could reach 200$ per share. I bought the February long call strike 275$ for 7.50 for 1 contract (750$ investment). With this trade, you could expect 400$-1200$ profit if stock go to 185$ or more. I really like this chart and stock as it has been very predictive in the past with the bullish price action of making higher highs and higher lows. Goodluck guys, and take advantage of the buying the dips in a bull stock.
Catatan
Oops...it was the 175$ strike for 7.50Catatan
closed trade for -90$. Loss of 12%
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