As soon as the Weinstein 30-week indicator trended up on the 1-minute chart (first time since the start of January), price rallied by 1% and heavy call buying pushed the options premium to the bullish territory.
As a result, the indicator is trending up on the 30-minute chart for the first time since last November. I think that a squeeze is highly likely to occur over the next few days.
As a result, the indicator is trending up on the 30-minute chart for the first time since last November. I think that a squeeze is highly likely to occur over the next few days.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.