DE falling into undervalued territory / Favorable Earnings LONG
DE on the 4H chart is now setup for a long trade. It is now positioned just above a long term
anchored VWAP to which a stop loss can be set just below @ 390. DE was falling before
favorable earnings and has not yet reversed. I see this as an opportunity to trade an
industrial blue chip taking entry well below fair value and so a bargain.
I will get a mixture of a handfulof stock shares and a single option 4 months to expiration. The
target is selected to be 445 at the upper Bollinger bands confluent with the second deviation
line of the anchored VWAP. This is about 13% upside- while the option's profit potential is
substantially higher. If you would like to know the details of the call option leave a comment. (
if this idea is of interest considering liking and following :)
anchored VWAP to which a stop loss can be set just below @ 390. DE was falling before
favorable earnings and has not yet reversed. I see this as an opportunity to trade an
industrial blue chip taking entry well below fair value and so a bargain.
I will get a mixture of a handfulof stock shares and a single option 4 months to expiration. The
target is selected to be 445 at the upper Bollinger bands confluent with the second deviation
line of the anchored VWAP. This is about 13% upside- while the option's profit potential is
substantially higher. If you would like to know the details of the call option leave a comment. (
if this idea is of interest considering liking and following :)