LEVI – Wedge Support Lowered – Pattern IntactUpdate from previous chart as wedge support was too high.
Trade Entry
Holding Feb. 21 expiry Put Credit Spread 18/22 strikes.
Chart Details
LEVI price looked to breakdown out of Bull Flag.
Support from previous chart was $18.87 from Jan. 6 low.
Support moved to Dec. 17 low of $18.68. Pattern intact if above exit.
Exit below $18.60
Bullish EMA cross above $19.08.
Price is already above 10WeekMA. EMA Cross will confirm bullish uptrend to gap fill.
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