$MINIMAX Long Setup
$MINIMAX closed Friday around $34.42, while the current price is around $31.79.
That leaves a significant ~$2.63 settlement-price gap going into the Monday open.
The weekend move has created a clear dislocation, and I’m looking for price to retrace toward the Friday settlement. It doesn’t have to fully close — even half or the majority of the gap would offer a solid move from current levels.
CMP: ~$31.79
Friday settlement: ~$34.42
Invalidation: ~$31.02
NFA | DYOR | Manage your risk.
#minimax
$MINIMAX closed Friday around $34.42, while the current price is around $31.79.
That leaves a significant ~$2.63 settlement-price gap going into the Monday open.
The weekend move has created a clear dislocation, and I’m looking for price to retrace toward the Friday settlement. It doesn’t have to fully close — even half or the majority of the gap would offer a solid move from current levels.
CMP: ~$31.79
Friday settlement: ~$34.42
Invalidation: ~$31.02
NFA | DYOR | Manage your risk.
#minimax
