The broader market remains firmly bullish – we’ve closed the election gap and the weekly chart continues to show perfect alignment of the 8, 21, and 55 EMAs.

While I remain in “buy the dip” mode until the weekly structure shifts, I’ve spotted a setup in Burlington that checks all our boxes.

Why BURL?

• Strong stock with consistent earnings performance
• Building a clean bull flag pattern at key support
• Sitting at the daily 21 EMA with VP support
• Daily squeeze forming with momentum building
• Earnings catalyst ahead

The Setup:

• Looking to get long around $286
• Stop on a daily close under $280
• Target break above $300

For options traders, I’m looking at the March calls. If you want to know which calls, and why, then click the image below to watch the video.

YOUR ACTION PLAN

I’ll be looking to accumulate BURL around these levels and work it up to our targets.

Whether you choose shares or options, this setup offers a solid risk/reward with both technical support and a clear catalyst ahead.

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