After some Walmart hype that pumped GOEV it now looks ready to come back down and continue the bear market.
Fell blow 20MA and now the more important 50MA + a big gap down from the hype pump.
This is an easy short BUT because it is low in trend it is imo for defined risk only and so I have bought ATM Jan 2023 puts. Not LEAP because I think there will be a significant selling climax sooner and so no need to overload the extrinsic cost.
It may re-test the 20MA - who knows but this should be an easy short I think.
Not advice.
Fell blow 20MA and now the more important 50MA + a big gap down from the hype pump.
This is an easy short BUT because it is low in trend it is imo for defined risk only and so I have bought ATM Jan 2023 puts. Not LEAP because I think there will be a significant selling climax sooner and so no need to overload the extrinsic cost.
It may re-test the 20MA - who knows but this should be an easy short I think.
Not advice.
Comment:
Great start here, going very well 😸.
Comment:
This one worked well.
Bull Market Group 🐂
Priority trades, round the clock updates and a 1 hour technical video per week 😼.
Make gains, learn technicals 🚀.
$50 per month 👍🏻.
Contact: t.me/dRends35
Priority trades, round the clock updates and a 1 hour technical video per week 😼.
Make gains, learn technicals 🚀.
$50 per month 👍🏻.
Contact: t.me/dRends35
