PoS missed on earnings and went up big couple days after for no reason. Obviously forming a pennant,, no reason for it to break upwards. A lot of stocks are heading back to pre-COVID price range, this should be one of them.
$26-27 target, bought April puts this morning
$26-27 target, bought April puts this morning
Comment:
Broke support, just all depends on what NQ1! does now.
Trade closed manually:
All indicators show all indices oversold, closed all my short positions.
Will re-short this thing next time market gets overbought
Will re-short this thing next time market gets overbought
Comment:
As bearish as I am on this stock, everything points to an up day tomorrow, it does trade with tech indices.
Inverted H&S looking formation (though ugly) points to a target of $41 for Fri/Mon at which point I will reconsider shorting.
Inverted H&S looking formation (though ugly) points to a target of $41 for Fri/Mon at which point I will reconsider shorting.
Comment:
Just goes to show that even garbage will float on a rising tide
Trade active:
Got back into April $40 puts, even though it didn't hit my $41 target. Will add next week if it does.
Trade closed manually:
LOL, doubled up this morning on the strange gap up and just flipped it again at support.
Does appear to have support at $37 and I think the market is done dropping for the day.
I could be wrong and this could go into a complete tank but I got other things to do today.
Does appear to have support at $37 and I think the market is done dropping for the day.
I could be wrong and this could go into a complete tank but I got other things to do today.
Trade active:
LOL, broke support. Decided to roll my profits into $35 puts. Worst I can do is break even if this goes up.
Looks to me like the market has bottomed out for the day