Analyzing the options chain and the chart patterns of VLD Velo3D prior to the earnings report this week,
I would consider purchasing the 0.50usd strike price Calls with
an expiration date of 2025-1-17,
for a premium of approximately $0.20.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
Velo3D's stock shows bullish signals in its technical analysis.
Key factors:
RSI = massively oversold.
Williams percent range = massively oversold.
Falling wedge pattern = confirmed.
The company has strong underlying fundamentals as well.
First target: 1.60 (supply zone 1).
Good luck.
All the best,
Peter Nordanaa
Trading Idea
1) Find a FIBO slingshot
2) Check FIBO 61.80% level
3) Entry Point > 1.95/61.80%
Chart time frame : B
A) 15 min(1W-3M)
B) 1 hr(3M-6M)
C) 4 hr(6M-1year)
D) 1 day(1-3years)
Stock progress : C
A) Keep rising over 61.80% resistance
B) 61.80% resistance
C) Hit the bottom
D) Hit the top
Stocks rise as they rise from support and fall from resistance....
VLD dropped significantly in price after de-spac. The daily chart confirms an uptrend pattern, which until broken, should continue to the first resistance level. If the first resistance level is broken and tested back into uptrend, then resistance level 2 is the next target. This is not financial advice, only elementary opinion on the TA. Cheers.
