APRN - Why I went Long on Calls

2018年8月16日

The most disappointing IPO in 2017
NYSE:APRN

This turd has been such a disaster from the get go but it does present a pretty solid technical setup right here with low risk IMO.

• * Broke out of its descending trend line in May of this year to realize about 115% return in about 2 months only to return back to the ATL's
  * The weekly and D3 price action has remained above the ATL's consistently in March and again in August of this year - this is an established strong support for now ...
  * Obviously this trash has lots of hurdles to overcome with overhead resistance in basically every price point from beyond here -- the imminent ones would be the 10EMA and 50EMA which are about 2.22 and 2.72 respectively
  

I bought a few $2 leap calls for 1/2019 -- 60 cents each -- I went small size and will average down to a half size position if price can get in the mid 1.9's and be supported.


** Risk is a D3 close below 1.88
* Profit target is 3.50

NYSE:APRN