Ichimoku Stock BIG: Trade Setup 5-13-10

The weekly chart for BIG looks good for a bullish trade.    Unfortunately, price is below the Kijun Sen on the daily, therefore, we need to keep our risk low.    To do that, we are going to look at an option trade.   We are going to buyg 42.50 June calls for around 0.40/contract.   It is at 0.45/contract right now.   If we don’t get filled at 0.40/contract in 1 hour, we will adjust for the 0.45/contract.
Here is the weekly chart.  Notice how the down movement went and test the major support which was the breakout resistance level.
 

 
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About the Author Manesh Patel