Well they pumped it despite bad earnings, if they can't make money during a blockbuster summer season, then they'll never make any money.
But a lot of crap stocks with crap earnings like Wayfair and BYND went up on a short squeeze, and meme stocks are even squeezier, so I don't think this is over yet. Did an overlay using the highlighted area.
Note: Both RSI and MFI are overbought on the daily, so any long position here is pretty risky. No position because options premiums are way too high.
But a lot of crap stocks with crap earnings like Wayfair and BYND went up on a short squeeze, and meme stocks are even squeezier, so I don't think this is over yet. Did an overlay using the highlighted area.
Note: Both RSI and MFI are overbought on the daily, so any long position here is pretty risky. No position because options premiums are way too high.
Nota
Seems to be tracking my overlay more or less. Options premiums are too high to play with thisNota
Still tracking my overlay, if it continues next week then we'll see a dip and whipsaw on Mon/Tues and the rally resumes Wed.Overlays aren't perfect though.... could just be a one day dip.
Trade attivo
Bought the dip today with my HSA account along with some calls in my cash account.If my overlay is correct then we see $27 again tomorrow
Nota
Forming a pennant, and my overlay says the big pop doesn't happen until tomorrow. Buy the dips when it goes red because the call option premiums go down when it's headed down.Don;t chase the pops today
Nota
Or just wait until EODNota
BTFD! lol.Nota
Target for tomorrow is $27.5 EOD, target for next Tuesday is $31. Might overshoot and get a double top at $34Added a few more here, I'm done for today
Nota
Appears to be moving up earlier than I anticipated, not that I'm complaining. Told ya guys to buy the dips this morning.Trade chiuso manualmente
Bailed this morning for a small profit. Lame.These short squeezes are so hard to predict, too bad I didn;t get into BBBY instead
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Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.