JKS Trade on Nov 25, 2020 09:54 from tradelikelarry: Tradervue User Stock Trades.

Trade Planning:

• Daily Chart: Uptrend, Consolidation below recent highs.
• TTM Squeeze: Daily
• Earnings Date: 12/23

Reason For Entry:

• Playing the Daily chart, call option. JKS is in a pattern of consolidation below recent highs. TTM is in a squeeze and gaining momentum. JKS is also consolidating at a key psychological area (below $100 mark). The entry is at the buy zone (at the 21 EMA) and watching for a continuation to the uptrend.

Reason For Exit:

• An hour after the initial entry, price action increased and I locked in a 30% gain.

Recap:

• The setup was correct as price action was in a consolidation below recent highs and at a key psychological level ($100 level). Opened a call option at the buy zone (21 EMA which has been a support level). One hour later price action increased and I locked in a 30% gain for a quick profit. I also have a Put Credit Spread in this ticker as well that expire in December. Watching for more profits as I suspect price action to take out the $100 psychological level.