sparo

sparo

Psychological barrier at $4. A break into this channel likely means a revisit of the 200 ema and/or the bottom of the lower channel. Read for good analysis of this name. It's a meme stock riding the AI wave and should be traded that way. I do think the iBuyer model has legs but OPEN has burdensome debt and its path to growth without more borrowing isn't obvious...

sparo Updated 

A few false punctures at $1.85 followed by retreats. Unlikely to dip significantly before earnings but a scalp opportunity to the EMA and beyond if it breaks that wedge. No positions. Exited at $1.85 today.

sparo

The VIX is hitting higher lows and rounding into what looks like a spike. Trade via UVXY when it touches the bottom of a cup and set careful stops. UVXY is sharp sword.

sparo Updated 

A little premature but there has been increasing volume on $SQ recently, especially into the close on 9/24. Could be nothing, but I've mapped it out just the same. NYSE:SQ

sparo Updated 

Since hitting the market NET saw euphoria, a sharp selloff and then a grind up on a day where most cloud and saas plays (ROKU, NFLX, SHOP) got crushed and the market bled tech. It's likely to revisit $18.50 or even $18 again amid volatility but early signs are that NET made a good choice when they hit the market at a lower multiple. I am playing this as a swing...