Communications could be on the verge of a strong breakout as price has broken, and stayed above, the $69.50 area.

Many of the top stocks in the sector are running on the back of strong earnings, like Meta, Netflix, and Disney:

META:

snapshot

NFLX:

snapshot

DIS:

snapshot

Buying shares now and risking to $67 could be a great long-term move, while trailing the position on short term swing pivots.

Alternatively, buying $67 strike call options at $400 a pop and aiming to take off half at a 1:1 to pay for the trade could be a solid move. Be careful with these and work your orders, the options aren't the most liquid things in the world.

Either way, we like the setup here and have bought some shares to track how it progresses.

Cheers!

Looking for more high-quality trade ideas? Follow us below. ⬇️⬇️
Chart PatternsFundamental AnalysisTrend Analysis

🚨🚨🚨

Get high-probability trade ideas and research directly to your inbox for free.

Follow us here and turn on email alerts to stay in the loop: seekingalpha.com/author/propnotes
Również na:

Wyłączenie odpowiedzialności