I think this pennant is setting up for earnings and Fed meeting next week.
Market has a $2 move priced in, but I think it'll move $3, and hit resistance or support. Expecting this to whipsaw around $11 until then, so no position.
Quite frankly, I'm bearish on earnings, but shorts tend to cover on bad news so we could see one of those stupid deals where it initially gaps down then goes parabolic, lol.
Market has a $2 move priced in, but I think it'll move $3, and hit resistance or support. Expecting this to whipsaw around $11 until then, so no position.
Quite frankly, I'm bearish on earnings, but shorts tend to cover on bad news so we could see one of those stupid deals where it initially gaps down then goes parabolic, lol.
Comment:
Even garbage floats on a rising tide.
Earnings next week, not playing it. Maybe they'll do some stupid rumor like a buyout or something again, lol. Earnings WILL SUCK though, guarantee it.
Earnings next week, not playing it. Maybe they'll do some stupid rumor like a buyout or something again, lol. Earnings WILL SUCK though, guarantee it.
Comment:
There's your $13 by Monday like I called it last week. Maybe I should buy calls next time, lol.
getting really good at plotting this garbage.
getting really good at plotting this garbage.
Trade closed: target reached:
There's your "not as bad as expected" earnings, lol. Already past the Dec peak premarket, appears it'll more or less hit my target today.
I didn't trade this garbage but marking it closed because my chart played out, so don't expect an update.
I didn't trade this garbage but marking it closed because my chart played out, so don't expect an update.
Comment:
Oh look, it hit the next resistance line, lol. Probably a dip here before the next pump. Remember my 3 or 4 day short squeeze rule
Not playing it though. If they squeeze teh shorts it makes for a better earnings play.