Oatly group. Falling wedge. Heavy call activity.
Evening everybody, this is a stock I have been following fairly closely since IPO as I am a daily consumer, it finally made me want to enter.
We have been trending south since IPO but a reversal candle pattern on the daily paired with a hammer on the weekly suggests that downtrend is about to change, albeit if we break out of falling wedge. We see a fisher cross on the day and we have just bounced out of oversold conditions on the day.
Also delving into the derivatives activity behind this stock there is huge calls for December 17th which suggests the price will go North.
Up a fair amount today so will be worth waiting for a pullback or entering
Stay safe out there guys and gals.
We have been trending south since IPO but a reversal candle pattern on the daily paired with a hammer on the weekly suggests that downtrend is about to change, albeit if we break out of falling wedge. We see a fisher cross on the day and we have just bounced out of oversold conditions on the day.
Also delving into the derivatives activity behind this stock there is huge calls for December 17th which suggests the price will go North.
Up a fair amount today so will be worth waiting for a pullback or entering
Stay safe out there guys and gals.