SYNGENE - Looks good for 10% upside

• Breaking out of long term consolidation
  
• Look only at the weekly and monthly charts - daily charts fairly irrelevant here
  
• A 10-15% rally could happen if the stock gathers some momentum and get volume behind it
  
• Best play is to buy calls ATM 600 and sell 650 calls. Otherwise buy stock / May futures
  
• The stop will need to be at a level of 580 or when the momentum dies out - whichever first
  

تم فتح الصفقة:

Keep holding - dont take profits early

أغلقت الصفقة: تم الوصول للهدف:

Traders can take off profits here - although the stock is still very bullish. I am taking off calls here and waiting for a pull back to buy July calls.
If you are holding this stock in cash - there is absolutely NO REASON TO SELL IT - keep holding on till it crosses below the 21 EMA. As i say - Let the negative news keep piling up, let the analysts keep issues sell recos - you hang onto this stock till it decisively crosses and closes below the 21 EMA. Otherwise - its not trading - its just making the broker happy. (you have to take a minimum of 10-20% off every winner if not more)