Today we are applying a Bull Call spread on OZL.
Analysis:
OZL is currently trading at $10.34
OZL has come off recently following its report, but due possibly due to strong leads in the commodities space, OZL has rebounded off the uptrend line and broken the pennant pattern.
The next target is back to its recent highs. We can look to trade a bull call spread where we not only profit from bullish movement back to resistance, but also side wards movement. This advantage of profiting from side wards movement means we have flexibility to get the timing right.
If you would like to learn how and when to use this strategy, and other strategies like it, then please contact us here at TradersCircle on 03 8080 5788. Alternately, you can download a free eBook off our website which runs through advanced strategies.