Was tracking HUL closely on the 5-min chart today.
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MACD was showing a clear bullish divergence
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MACD Histogram kept expanding on the upside
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Was waiting for the high marked in the pic to be taken out as well
Felt like yesterday’s broader market sell-off was a bit overdone, so I was expecting some mean reversion today, especially in defensives like HUL.
Plan was simple:
I was aiming for roughly a 1% intraday move on the stock, but price actually stretched closer to ~1.5%, so that worked out better than expected.
I also took the 2300 CE around the same time. Initially, I was looking for a move till the gap area near 36, but ended up exiting early once price started showing signs of a possible pullback.
Honestly, the setup played out well, the only miss was on my end. I cut it short because I wasn’t fully comfortable holding once I saw price drop a bit. One of those cases where analysis was right, but psychology took over.
A bit of a risky trade given expiry is 2 trading days away but Still a good learning trade overall.
