Rolled expiring put again at 17 for another 2 weeks. MACD golden cross finally happened as of market open, will see if it holds throughout the day, and strong volume is also yet to be seen.
Immediate resistance is at 20 day MA at around 18, 50 Day MA at around 20 and should they break decisively in the coming days, we should be able to tell by this week if strength in price action is finally back.
There is also evidence of strong institutional accumulation in recent months. It's getting harder and harder to refute bullishness surrounding the sector unless a black swan event comes along.
| Side | Price | Filled | Realized P&L |
|---|---|---|
| Credit Close | -0.70 10 | -- Closed |
Modify on 2026-08-28 07:27
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- PhoebeReade·08-27 22:32MACD cross is there, but volume still needs to show up. Above the 20 day MA I'd trust the move a lot more 👀1Report