Core Trade - VVV - 6/10/2023

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Valvoline(VVV)

MRNA score: 4 out of 5

THESIS:

Price breaking out of the channel at 37.50 and into the GAP gets me in this trade. You know I love gaps more than my own children.

THE CHART:

Chart Notes:

1. STOP: 37.75- close above this on the daily and flat

2. TARGET 1: 34.66

3. TARGET 2: 32.83

RISK/REWARD:

OPTION:

SEPT 35 Puts 1.00 or better

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