When discussing the deck for today's call, Alfonso and I agreed that the best chart had to be Lovesac $LOVE.
Just look how orderly this rounding bottom breakout is playing out.
We scooped up the 12/20 $35 calls, hoping they’d be in-the-money by the time the theta decay window set in.
With the stock up 7% today, that’s exactly what happened. And it came just in the nick of time, as today marks 29 days until the expiration of our calls.
Momentum is firing up, with the daily RSI-14 getting overbought for the first time since the summer.
LOVE is also sporting a momentum buy signal on the daily, weekly, and monthly charts. Talk about trend alignment across multiple...
