Doji in CLSK

BY LICIA LESLIE 

April 10, 2024

Hi Shoppers,

 

There is a possible doji in Clearspark (Ticker: CLSK).

 

I say possible because, as always, we need to wait for the confirmation today.

 

That confirmation will be CLSK opening and trading higher for the first hour or two this morning.

 

Here’s the chart:

Not only is that candle a possible change in trend doji, but CLSK is testing a support level that it has bounced off of three times before.

 

If CLSK is trading higher this morning, take a look at the Apr19 calls:

The options are a bit pricey, so I like buying the 15.50 calls and selling the 18.50 calls.

 

The next level of resistance is $18.50.

 

Use a close below $14.50 as your stop loss.

 

Trade Review

 

The S&P 500 is still holding support at $5165.

 

Thanks for Reading … See You Next Tuesday,

Licia Leslie

Licia Leslie

Head of Technical Analysis

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Licia Leslie

Licia Leslie

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About the Author

Licia Leslie

Licia Leslie

Former CBOE floor trader and CIO at Karman Line Capital. Author of ‘The Option Traders Hedge Fund’ with over 30 years of options trading experience.

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