TradingView
KRSCBOE
Feb 18, 2013 2:31 AM

Huge move coming in FIRE. 

Description

FIRE has a huge triangle, which measures 16 points either up or down.
Comments
knock
@jr what is your take on next move?
QuantitativeExhaustion
Well, I like this one for a big move as it was pointed out in the chart. Currently I own more call than puts, but I think I'll settle it with more deep puts. I don't like this stock going into earnings.
QuantitativeExhaustion
@knock

Are you thinking about taking a position in FIRE? If so where do think the money will be made?
knock
It looks like forming a Bat harmonic pattern, so I expect a downleg to 31 (161.8% of the yellow line you drew), to complete the pattern, and then go up.
QuantitativeExhaustion
short % of float near 20%
knock
More chance to go down to form a nice bat pattern. Thoughts?
More