All, I think previouis post I had my lines slightly off which of course makes a difference I think we are on confluence support and beyond oversold/downtrend has to at least pop somewhat in my opiniong even if its $4-5. Looking for a bounce soon between weekly/daily change then getting 5-10 OTM options for calls or could do it now with maybe Aug/Sept.
All, I think this has a massive play possible here. Why: -Confleunce support (horizontally) + trend support -Falling wedge downtrend -40MA tight against trend (if you're a VWAP person I'm sure you would see a VWAP play) -RSI/MACD both good Recent news very positive. Looking into options Monday.
January 28th (Smart-Money Setup) - (From Tuesday Trading Room) Would set stop at 34.13. First target 26.13. Second target momentum.
Massive price rise along with volume & surge in Money-flow. We think it will go up further. Break of 5.49 will be confirmation for long entry.
going to be watching this tomorrow for a short opportunity depending on how it reacts around 5.50/6 level (whole/half dollar resistance)