BLMN - Old resistance becomes supportWatching the old resistance area becoming support. Also the confluence of the 50SMA might make a good bounce area. No position yet but set alerts for potential tradeby onesunUpdated 3
Testing or breaking flag to the upside into earnings add a Feb 25/22.5 PS short Mar 27.5 Call as a collar to long positions for about 15cby gregharmon220
BLMN - How about a holiday run?Low volume is looking sad. The EMA’s are headed higher with some separation between them. The SMA’s are level which wouldn't be bad for a move higher. Stochastics are overbought with a little room to move higher if needed, RSI is overbought as well but not comical yet and MACD is looking indecisive making this trade look slightly gloomier.BB still separated because of the gap higher a couple weeks ago. ADX is edging higher over 40. R:R 1:2 (sorta). I'll pass, but it was on the list for this week. Trigger (close) $22.73 Stop is $20.45 Target is $26.80. Longby Therealaleech1