DDOG in downward megaphone pattern. ~$150 is strong resistance.
Expecting it to be around $120 zone expediated path. $150 is strong resistance and $120 is strong support.
I may plan to buy handful PUTS for once the increment gets CAP around ~$150 in TOO GREEN market i.e. RSI to be in overbought region. Hoping this to be the scenario before earning so there is stage set to act in either direction post earning.
It can happen early too so play accordingly and dont play aggressively.
In case want to play safe then consider selling calls or call vertical spread.
Note : Please do your due diligence before opening any kind of position.
Regards,
Subhash
Expecting it to be around $120 zone expediated path. $150 is strong resistance and $120 is strong support.
I may plan to buy handful PUTS for once the increment gets CAP around ~$150 in TOO GREEN market i.e. RSI to be in overbought region. Hoping this to be the scenario before earning so there is stage set to act in either direction post earning.
It can happen early too so play accordingly and dont play aggressively.
In case want to play safe then consider selling calls or call vertical spread.
Note : Please do your due diligence before opening any kind of position.
Regards,
Subhash