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Trading Setup - SWBI

neonbitdelta

Published: 27 Mar 2023 › Updated: 27 Mar 2023Trading Setup - SWBI

Trading Setup - SWBI

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Hi Guys, let me show you my trading setup for SWBI.

Entry:
SWBI long @11.26$ on Friday
The duration of the trade will be a few weeks.

It makes sense to me that people focus on security and self-protection in times of crisis. The media are currently consistently negative and promote panic. The fundamentals look good (balance sheet, P&L, cash flow). Analysts see good upside potential. From a chart perspective, the share is on the verge of a breakout pattern.
Analyst targets:
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Exit:
As soon as the share reaches the target of 12.50$ I will write covered calls with a short time to expiration on it.

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