Skywalking to new highs w a close above 102.77

Ignore the badly drawn cloud. I was bored :)

Premise:
I wanted to get into GILD last week and it looks too exteneded today. So I found this SWKS chart and it could make a similar move.

Breaking the trendline on a close above 99, making higher lows on the daily chart. Front running a breakout above of the March 23rd high at 102.77 MACD is trying to go higher. RSI trending higher. You don't need anything else to convince you a low risk long.

I bought a JULY 105 Call for $4.07 w 60 days til expiration (market maker was nice I put in a 4.20 limit offer)

Stop loss to get out with a close below 96.00 on the underlying price or a 30 day time stop which ever happens first.

Target is $106.72 on the underlying. It is the 1272 fib extension of the 3/23 swing high to 3/26 swing low.

Happy Monday.
breakoutoptionsstarwarsSWKStrading

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