This is in case we don’t know the directions. Besides, my thought process was for swing. But yes for day trading, directional trades make sense (if its clear which way mkt is going)
Okay for simplicity sake let us start like this.
Where do you think BN would go on Monday?
Where would it go by Thursday?
Where would it go by Month end?
Let us try to answer these questions.
We may be wrong as well. But let us start. There is no harm in this.