Options Hunter Blog

Bank of New York Mellon double bottom and MACD divergence up

double bottom macd macd divergence Jul 11, 2019
 
The clean double bottom and MACD divergence indicate prices should be around 44.5.  June 28 43.5 calls for 39c Shot up to 77c a contract next morning, can't beat this pattern. Good double if you held out for a while in the day. Further out of the money options did even better. #doublebottom #doubletop #macd #macddivergence
 
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