Description
⋅ As shown on the 15-minute chart, LABD is bouncing between stardard deviations of the VWAP in a 6% price range
fluctuation day to day. At the upper end it is reversing at the POC of the volume profile confluent with one
standard deviation above VWAP while at the bottom it is bouncing from the bottom of the lower high volume area
of the profile and two standard deviations below VWAP. I see this as an opportunity for a 6% upside long day
trade especially if the general market is uptrending after the weekend. Alternatively, a 5 DTE call option
with a strike of $ 15.50 or $16.00 looking for a 30-40% return on the premium over the upcoming week. ( The
zero lag MACD confirms the buy signal.)