Nice setup in a bull channel with 2 bottom, holding EMA 38.
With upcoming Earnings we may see strong IV.
1 Target 67 $ (may be a good call option till 10 may expiration)
2 Target 78 $ can take some time but its possible
This is a company which in these times
quarantine demand has increased
like UBER, which positions it
among the most valuable companies in matters
mobility, which gives me to understand that this
movement you're having is just a throwback
to trick sellers into believing
to change the trend, when simply
will make a correction and continue its course to the...
I'm sure the price is going to hit the resistance $72 area, it's ~ 10% of profit if you buy today. Or if you have your enter target like I have ~ $62 we will do more than 15% profit.
Time Frame : 1D
Resistance ~ $72
Support:
~ Uptrend line
~ Support EMA lines
Enter: $63-61
Stop Loss ~ $58.5
TP 1 ~ $73
TP 2 ~ Maybe it will be pumped like TLRY or TSLA....
