Assuming company fundamentals remains positive. Recent dips has been great for price actions in the long term in a sense that speculators and short term traders were wiped out. Providing strong support / resistance around the 33 to 35 USD area. Upward price actions expected between 70 USD to 90 USD range. The market is and will always be volatile. And it only reward those with patience.
My short seller friend here is losing it in the comments section below. I would ask everyone to kindly excuse him.
He becomes a prophet at the end of each trading day and talk s**t about everyone's projection. lol.
dangerousground
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First lesson I learned in trading is to not fight the trend. When you learn that I think you will be much more profitable. In the mean time you should not be giving advice. My 16yo daughter would have known better than to go long when you did.
dangerousground
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Im not sure what technicals you’re looking at to come to that conclusion. Your support and resistance levels are completely fabricated and until this falling knife finds a base I think you’re crazy going long call options. Maybe when it gets to the $20-$25 range we can talk about resistance. Honestly you should just give me half the money your going to lose now, I’ll kick you in da balls and you’ll still come out ahead.
FLIPPIN_TIGERKING
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Think it'll still hit 90?..I think this shit company is still like Nikola. Lots of hype, no real liquidity or real revenue.
huijiachifan
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@FLIPPIN_TIGERKING, we will have to continue to monitor for the next couple trading days. I wouldn't draw any conclusion too soon. But to answer your question, at this moment, yes, I remain bullish. Upward range 70 to 90. Just picked up more call options this morning.
surend007
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@huijiachifan, it did tank like anything today. over $1200 in losses. holding options so i guess screwed i am :(
huijiachifan
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@surend007, sorry to hear that. I started buying around 30 USD and I know many people did too. but at the moment it should be safe to say there is not enough buying power. Not ideally. Personally I do not invest in options less than 3 months. Some options even go as far as 6 months. Invest safe my friend. I wish you luck.
surend007
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@huijiachifan, thank you for your message. what do you think of october 30 $34 calls ? worth swinging ? or should i cut losses ?
He becomes a prophet at the end of each trading day and talk s**t about everyone's projection. lol.