Since we broke the TL, it is technically bearish; however, it could be an ER bear trap too. A big move expected on both sides. Since the setup is bearish, there is a possibility of a big squeeze during the ER. Range 45, 60,65,70
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I don't mind writing put contracts for 47-45 (own, if it hits that pt), cuz that would be a steal term. Just freed up some cap and I like the momentum in this stock. They also have a good pipeline.
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Was studying a similar pattern during the er and this is what I've got. Fractals work most of the time cuz big institution can't hide their footprint in the markets.
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We got the premium but someone wants 25 by June. GL to them :P
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