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Candlesticks are trending near the top of the
Bollinger Bands.
Price pattern continues to trend above the 30-day simple moving average
(SMAs).
Although the
CCI is trending down.
The
Williams %R continues to trend up.
On Balance Volume continues to trend up.
Exit Criteria:
Wait for Williams %R and
CCI to cross below their respective
oversold lines before considering exiting the call option.
If negative price momentum occurs on heavy trader momentum, consider opening a put option after the call option has been closed.
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