The Communications Sector Is Breaking Out
Communications could be on the verge of a strong breakout as price has broken, and stayed above, the $69.50 area.
Many of the top stocks in the sector are running on the back of strong earnings, like Meta, Netflix, and Disney:
META:
NFLX:
DIS:
Buying shares now and risking to $67 could be a great long-term move, while trailing the position on short term swing pivots.
Alternatively, buying $67 strike call options at $400 a pop and aiming to take off half at a 1:1 to pay for the trade could be a solid move. Be careful with these and work your orders, the options aren't the most liquid things in the world.
Either way, we like the setup here and have bought some shares to track how it progresses.
Cheers!
Looking for more high-quality trade ideas? Follow us below. ⬇️⬇️
Many of the top stocks in the sector are running on the back of strong earnings, like Meta, Netflix, and Disney:
META:
NFLX:
DIS:
Buying shares now and risking to $67 could be a great long-term move, while trailing the position on short term swing pivots.
Alternatively, buying $67 strike call options at $400 a pop and aiming to take off half at a 1:1 to pay for the trade could be a solid move. Be careful with these and work your orders, the options aren't the most liquid things in the world.
Either way, we like the setup here and have bought some shares to track how it progresses.
Cheers!
Looking for more high-quality trade ideas? Follow us below. ⬇️⬇️
免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。