Recent Electric vehicle sector ipo stock , Bullish hammer candle. Fib level .382 $20.1 break over would be bullish. Options flow - Over 9400 10/16 $22.50 calls bought today. EV sector was on fire monday - wednesday this week. Happy trading!!
16.3-16.4$ is at the convergence between the short term 0.68 fib and the macro 0.236, which would make this dilution a perfect timing for a healthy retracement on the next couple of days before going back up with August delivery numbers.