FSL announced a merger today w/ NXPI I'm looking for a merger EP that we've seen from other semiconductor stocks
Here was the moving I was waiting for and pounce on it I did. This was a great high volume move out of the consolidation.
The last time I tried this one, I took a loss. I like set up here as it setup right off the 50MA tight consolidation and then the burst on above average volume
This one is just tightening and tightening. I was looking for it to pop range today but that didn't happen. I believe it will happen to the upside and I like that the range contraction allows me to take that bet with a tight stop.
My LEA 115 March calls that I bought last week perked up with today's action as LEA has its highest close. If I can get a continuation day things will look pretty good.