Technical Forecast for Lead


27% profit every 20 days?

This is what Nic Chahine averages with his option buys. Not selling covered calls or spreads… BUYING options. Most traders don’t even have a winning percentage of 27% buying options. He has an 83% win rate. Here’s how he does it.


 


27% profit every 20 days?

This is what Nic Chahine averages with his option buys. Not selling covered calls or spreads… BUYING options. Most traders don’t even have a winning percentage of 27% buying options. He has an 83% win rate. Here’s how he does it.


ENTER TO WIN $500 IN STOCK OR CRYPTO

Enter your email and you'll also get Benzinga's ultimate morning update AND a free $30 gift card and more!

Lead formed a double bottom pattern for a move higher as predicted & we beat resistance at 1975 to reach the 1995 target. Above here we could stretch to strong resistance at 2011/14 today. We should struggle here so may be wise to exit longs & try shorts from here up to 2026 with stops above 2032.

Support at 1975 should hold the downside. Below here, 1943/38 is our important support & should hold on a retest but a break risks a slide to 1904.