This trade is just for those subscribers that know what they’re doing and have the experience to buy puts or have the ability to sell short. You can use the chart below as your guide. What you do is up to you.
After breaking down out of the bearish rising wedge CDE has been forming an expanding triangle consolidation pattern. The price action is sitting right on the bottom blue rail as we speak. The minimum price objective is to the 15.92 area which is close to the previous lows made back in July and August of last year.