This stock looks bottomed out here, many touch points along the point of interest. We noted a bearish downfall of momentum and volatility. This has passed and it looks like we have a pivot here. RSI is rising alongside a falling price, this is divergence. Often times trend lines and patterns work out better on indicators than actual price action.
My plan:
I am slowly buying low risk LEAPS 35$ strike for Jan. This keeps my capital allocation low but my upside tremendous due to potential delta expansion
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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.