Long
FSR increasing volatility as earnings approach LONG
FSR is on 15 minute chart. It has been in a down trend. However, as the earnings report
due on Feburary 29th is near, trader interest has caused some buying volume spikes and upward
price movement closing in a bull flag pattern after the squeeze indicator triggered several
times and with the last a green histogram reflecting upward price action. The price-volume
trend reversed bearish to bullish. I see this as a setup for a long trade of FSR into the
earnings. In watching for an options setup I noted that the strike $0.50 same day expiration
on 2/23 this past Friday went 0.03 to 0.12 nearly 375% while the same for 3/1 went
0.09 to 0.16 or about 75%. Al in all not matter shares or options, I see FSR as a set up
for a long pre-earnings trade.
due on Feburary 29th is near, trader interest has caused some buying volume spikes and upward
price movement closing in a bull flag pattern after the squeeze indicator triggered several
times and with the last a green histogram reflecting upward price action. The price-volume
trend reversed bearish to bullish. I see this as a setup for a long trade of FSR into the
earnings. In watching for an options setup I noted that the strike $0.50 same day expiration
on 2/23 this past Friday went 0.03 to 0.12 nearly 375% while the same for 3/1 went
0.09 to 0.16 or about 75%. Al in all not matter shares or options, I see FSR as a set up
for a long pre-earnings trade.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.