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S&P 500
5,713.64
(
1.70%
)
US TECH 100
19,272.80
(
-0.32%
)
Dow Jones
42,025.19
(
0.00%
)
Brent Oil
73.92
(
-0.54%
)
Bitcoin
63,473.23
(
0.83%
)
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JLS

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JLS

Re: JLS post# 17695

Friday, 05/12/2017 11:40:19 AM

Friday, May 12, 2017 11:40:19 AM

Post# of 32163
VRX Playbook

I'm expecting VRX to form a pennant next week (which just started today) because of the resistance level it is currently at. During that time the Calls I sold will expire.

Then VRX will break higher toward the next highest resistance located just below $16, then stall again, at which time I'll sell Calls again.

Then the next level of resistance is just below $18, so ... repeat.
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