Sunday, February 12, 2017

Trade 1: Long SLV

In the chart above there are a couple of Bullish signals I am tracking.  Right now, SLV is trading in an Ascending Price Channel.  The strategy would be to buy at the bottom of the channel and sell at the top.  Also, a Golden Cross is setting up, where the Light Purple line (50 day Moving Average) is crossing above the Dark Purple line (200 day Moving Average).  My strategy is to buy the March 17/17 $17 calls for $.49.  I will set my sell order at $1.00.

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