06/17/2021
It is important to NOTE THE OVERALL FRAMEWORK. A lot of these formations are all similar and have similar risk profiles, one can argue they are the SAME TRADE. There is a concentration risk issue (OMEGA RISK) and we have to be cognizant of pointing all of our positions in the same direction, we could be very right, or very wrong.
This chart looks constructive. We feel the upside is important and the risk level is defined.
