This chart looks quite nice to me. I show a short term bull flag forming near the previous high with higher lows on the ascent. One of the best looking charts I see out there. Today we also poked our head up to a new relative high. Give it a few days?
HEY TACO,ANY NEW UPDATES WITH THE PRICE MOVEMENT HAPPENING CURRENTLY?
tacosaurus
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@hector158, so medium term I expect it to continue to run higher. however, I believe short term it is a little bit ahead of itself (based on the gretaer than 1 std dev move today from the 20 day moving average. the 20day average is the typical bollinger-bands trigger line with the envelopes being 1std away. when securities make these types of moves, they often continue, but I would like to see it consolidate around the top end of the bb). as such I have just today sold short term calls against my longer dated ones.
My current position is now:
10x mar19 6 call
60x mar19 12 call
-70x feb12 16 call
tacosaurus
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well, we obviously got to the 10 price target. we are a little bit extended here; I would expect to see it consolidate in the 10.5 - 11 range and make another sprint.
hector158
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I've been holding since 2014..It looks like it moving way higher this year and beyond. Better earnings on the way.. Lets go baby
tacosaurus
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@hector158, well, the chart said 10 to me, but that doesn't mean it cant go higher! :)
hector158
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@tacosaurus, hey, do you mean you can expect a pull back after it touches $10??
tacosaurus
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@hector158, yeah, I wouldnt be surprised to see it get to 10, maybe 10.5 or something then pull back to 9 again. ofc if it makes a second run past the 10.5 there's a good chance it'll keep going. if you look at NNDM, you will see it had a big day about a week ago to get over 10, then retreated and clawed back up again. that is a pretty common pattern.
hector158
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@tacosaurus, Hey, thanks for the chart and the input.. Not sure if I should continue to hold this stock. Like I said I was down for so long I'll finally be able to pull out and invest in PLTR.lol
hector158
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@hector158, Hey Taco, you were spot on with the move..Thumbs up