GM, y'all. Not a flashy chart -- just laying out the key levels I’m tracking. Price is respecting the descending wedge, trading between clearly defined trendlines. My bias leans lower here.
Watching that S-1 zone near $18.96 as the next potential support. If that fails, S-2 at the lower trendline could come into play. FWIW: Closed out my short puts with a solid gain--now waiting for the next setup.
If either level hits, I’ll be looking to sell premium again where the risk/reward skews back in my favor. 👀 GLTA.
Watching that S-1 zone near $18.96 as the next potential support. If that fails, S-2 at the lower trendline could come into play. FWIW: Closed out my short puts with a solid gain--now waiting for the next setup.
If either level hits, I’ll be looking to sell premium again where the risk/reward skews back in my favor. 👀 GLTA.
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