Black Hills Corp. is in a wave (ii) within a larger bullish move. More importantly, it is in wave c of wave (ii), which is an impulsive affair, and therefore should be quite sharp. Using wave analysis comparing wave A to wave C, and Fibonacci retracements of wave (i), I see a confluence of support between $56 - $57, so my target will lie somewhere in that area. I placed a put option vertical spread:
Buy to open May 20 55/60 Put
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