History Ready to Repeat with SolarCity ($SCTY) ?


We wrote about Solarcity (SCTY) back in June with the stock trading at $53 : https://www.optionmillionaires.com/bottom-solarcity/  . Two days later the stock was hitting $68.

You can also here what I said about the triple top pattern on our Week Ahead Webinar here : http://vimeo.com/98469140

Five month's later, the stock is butting up against that same resistance area it broke out from. I got goosebumps when I saw the chart and instantly added $56/57 calls(yes stocks and options excite me that much, don't tell my wife).

Here is the chart:

SCTY 11-18-2014

I think the stock clears $60 before the week is out. Nothing is ever certain so trade carefully!

We sent the trade idea out via our text and twitter feed. If you want to see what we are all about, we are running a promo through Sunday: https://www.optionmillionaires.com/sp-high-2014/

Happy Trading!

- JB


JimmyBob (Scott)has been trading equities for over 15 years, a majority of which were OTC micro-cap stocks. He started trading high risk stock options over the past 7 years, and has proven winning trades in excess of 15,000%.

As one of the Co-Founders of optionmillionaires.com, Scott enjoys sharing his knowledge with other investors through timely blog posts, daily watch lists in the forum, weekly webinars, and helpful advice within the chatroom.

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