benjihyam

$HUT send it to $28-$30

Long
benjihyam Updated   
BATS:HUT   Hut 8 Corp.
Updating timing from my last analysis on $HUT.

Still think we get a monster move higher from here that happens over the next month. It did go lower than I expected, but I've been using the move down to accumulate even more calls.

As you can see from the chart, we've formed a large falling wedge, should it break to the upside we should see a big move higher.

My calls are stacked between 1/19, 1/26, 2/02 and 2/09 w/ most of the contracts expiring 1/26 and most are between $13-15 strikes.

My guess is that the full move should play out before the beginning of February.

Let's see.
Comment:
Think we bottomed this morning at $9.34. Should be higher by EOW
Comment:
Possibility of one more low tomorrow at $8.96, but still same idea that we bounce higher after.
Comment:
After looking at the charts, I think we go higher in the early morning at which I'll likely sell out of some options. Then I think we likely fall from early morning-mid day through Friday to form a new low. Then higher next week.

If we get a big pop +$11, then I'll likely sell some options to sit in cash and see if I can get a lower entry.
Comment:
I'm leaning towards new lows now. Maybe the pop higher comes tomorrow or Friday.
Comment:
Okay, now it's looking like a bottom forming. 3 touches off the $9.37 level makes me lean towards higher.
Comment:
I do think we'll likely see one more low. I took more calls today though w/ expiration of 2/16.

Tough to trade the small timeframes, I lean towards moving higher tomorrow.
Comment:
We got that final low at $8.96, we should bounce from here on out.
Comment:
Welp, clearly didn't anticipate it going that low, but this is the last support on my chart.
Comment:
Update after reassessing the chart:

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