I'm seeing Q3 earnings as a bubble pop opportunity (early November). Daily RSI needs to be reset going on its longest streak right now above 70. PT of ~$40 would be a near term target to hit before earnings; ~$29 post earnings is possible on a big miss and guidance disappointment or general lack of excitement to maintain the currently lofty valuation.
I suggest DCA into a 2x short ETF:
RGTZ
I suggest DCA into a 2x short ETF:
RGTZ
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.