don_shula

$DASH looks good coming off ATLs

Long
NYSE:DASH   None
$DASH just recently came off its all time lows, IV is 64.54% & IV Rank is 4.78%, although this is a new stock and I don't have much historical data to compare it to, I believe with price coming off its ATLs we will see mean reversion take place in IV, & a rise in price. The bullish engulfing on the DAILY time frame usually indicates a trend reversal, the sniper indicator currently has a buy arrow on the engulfing candle signaling bullish direction, the postures on the RSI are erect and in a bullish same with the postures of the stochastic and a cross on the stocahstic's moving averages also suggesting trend reversal . The TTM is squeezing which means momentum is shifting to either the upside or the downside with strong aggressive moves. I don't wanna call bottoms here, but its kind of hard not to in this case lol, Im looking to buy the $146/30APR21/call the iv is 61.72 breakeven is 151.88 & the open interest is 8. let me know what y'all think please, I like to interact and love the feedback.

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