Analyzing the options chain and the chart patterns of DOOO BRP Inc prior to the earnings report this week,
I would consider purchasing the 70usd strike price Puts with
an expiration date of 2024-2-16,
for a premium of approximately $2.50.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
Looking forward to...
One way to guesstimate targets, is to take the pole and project it from the lower trendline of the flag. Not all bull flags break to the upside. but you can place a stop below the bottom trendline.
No recommendation.
BRP Inc., together with its subsidiaries, designs, develops, manufactures, distributes, and markets powersports vehicles and marine products...
Consider long on close above resistance.
This is a recreational vehicle company. Most of us need an outdoor recreational vehicle NOW.
Two targets given Lower one is from the positive reversal in the RSI. The higher from possible Fib relationships.
You could use close above the current uptrend line as stop.
Process your way.
BRP is one of the more interesting companies right now in that it manufacturers, designs (innovates) and produces high-end and lucrative consumer goods products ranging from a few thousand to over 15-20k on average: Ski-Doo's, Can-Am's, 3 Wheelers, Snowmobiles and other types of goods are in its portfolio. In-fact, many people probably purchase these goods without...
Bought 1k shares this morning for earnings and decided to sell it this afternoon, figured why risk it when it's already given you 5% in 5 hours? Not worth the risk on a thinly traded stock, 44k shares traded today and that's big volume. It might gap up big tomorrow though and get some follow through from short squeeze.
Anyways, watch stocks for pre-earnings...
