FFIE probing for lower price levels but shorter timeframes show stronger than average buying pressure pushing the close higher leaving a long tail. I'm thinking short term rally over the next few days with a profit target of $3.85 and a stop loss of $2.45 but will wait for confirmation tomorrow.
- $3.85 to $3.90 to me looks like a new resistance level(old...
I recently uploaded my ideas about Faraday Future with a price target on $2,5, now that happened exactly as I expected, it is even cheaper, pending at $2 after a pricefall on more than 40% today.
I would say this price target is the real market price and I think now is the time to buy it.
FFIE had its Dec. 2020 where it saw price make a parabolic move from 9.80 to topping out at 20.79.
By March 2021, price came crashing all the way back down to 10.95
From there, price moves sideways all up to Aug. 2021 when price broke support.
Price then pulled back to support turning it into resistance and started a downtrend.
The death cross follow...
My last pick of the year is FFIE. I believe Faraday Future has been severely oversold. I also topped my account with more Nanox Imaging and Virgin Galactic. The pattern and trendline speaks for itself, and I think it is towards peak resistance levels w/ the tax write-off sales and end of the year activity. That said, everything you do is at your own risk. Do your...
Market Cap: 2.47B
Shares Outstanding: 260 M
Average Trading Volume (10 days): 2 m
Shares Short: 8.5 M
Short Interest(%): 2.57
Days to cover: 5
Change in Short Interest: +6%
Individual insiders: 6.4%
Put Call Ratio:0.26
Just simple lines here.
Looking like tomorrow morning, Aug 27, can be a quick money pot to pull from.
Right now Call options for ITM $9 exp Aug27, are sitting at about .15 cents ( $15 per contract of 100 shares)
Thinking a quick in and out scenario.
With the great boost of 30k in volume from today, Aug26, we can see a breakout from the Bull Flag as late as 0730...