Closing Price: 79.06
Target: 65
Stop: 79 (if the price holds above 77 on pullback, i'm out)
Price Pattern: symmetical triangle
Pro's: consumer spending is weak, financials are still weak sector
Cons: huge spike in market in the midday, the consecutive streak of green 30 min candles today after the price hit 72 on the low.
Position: GPN put
Closing Price: 47.02
Target: 40
Stop: 47 (very near stop after late rally)
Price Pattern: Daily Head and Shoulders
Pros: daily chart and 47 is strong resistance
Cons: range bound last few days and huge spike at end of day with heavy heavy volume
Position: AZN call
Closing Price: 47.22
Target: 55
Stop: 45.5
Price Pattern: Inverse Head and Shoulders (daily and weekly)
Pros: Strength in Pharmaceutical stocks lately, big volume on breakout of neckline
Cons: market still bearish and stock has already moved much lately
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