stockjanitor

ROOT - Daily - Break or No Break?

NASDAQ:ROOT   Root, Inc.
1. Indicators: RSI, MACD, and KDJ is well setup for a run.
2. Price and Volume just looks like the hulk wanna break out.

HOWEVER
1. financially pessimistic numbers and weak earning power
2. the past price performance is with doubt it will ever perform
3. the general "BIG TREND" is a downtrend, the consolidation started Aug 13 might just be a correction of the "BIG TREND"

If I were to play this, (in my opinion):
-Buy shares sell covered calls.
-option premium is great at the moment.
-sell some puts?

Pernyataan Penyangkalan

Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.