With Earning in December, much of the movement/volatility to happen around then.
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This is a very volatile stock. In these early days, short term 1 week options will be good. watch out for this one, as it'll be back for more bottoms in the channel soonNote
price is now $400... it dipped below the trend, and now it's spiked over it.I'm taking profit
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Price at present $330, like I said at $400 profit taking was in order. Price is baxk in chanel, and perhaps in a newly formed chanel (one which makes perhaps more sense with the fundamental growth profile of the company, i.e quicker than trend channel in diagram). I am looking at laddering in here. I think this could be a good price, bottom of previous channel is more like $290, but will it get there, I don't know. Ofcourse, that's where I'll be looking to put a second position on (sub $300)Note
As mentioned in previous comment, there is potential of setting a new trend. The following diagram shows this in detail (vibrant green).I am looking for a job as an aspiring trader. If anyone is interested in hiring me, send me a private message. Cheers.
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$290 as I speak. Looks decent price, but options are so expensive. Equity play looks more reasonable
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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.