Honestly, there are few things I enjoy more than taking a beat-up stock and running with it.
Why? Because sometimes, a stock that’s been punched down by the market responds by shooting up higher… once it’s done taking the hits.
For my Bullseye trade this week, I’m running with a household name – a stock that has really suffered lately.
But it’s one that I think can climb out of the hole they’re in and holds a lot of potential for traders.
This week I am going with META (formerly Facebook) which is a severely beaten up mega-cap tech stock.
For the short-term, I think this is a very good risk/reward trade.
It has been in a grueling downtrend for most of the year but along with the rest of the market, I think META has made a low for a while and it will now find new buyers.
My Trade Details:
- META Jul 8 2022 175 Call near $3.50
- Target 1 : $180
- Target 2 : $190
- Stop : close under $161
This is what I call my Bullseye Trade of the week: the #1 trading idea that I see in the markets every week.
I send out exact trade targets and details on when/how/why I’m looking to make that particular trade.
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