FFAI - potential inverted head and shouldersNot the cleanest pattern imo, but I will be watching. Daily closed above the center bollinger band, and might try to reach the neck line (red line). If it gets a clean break above the neckline, I will likely enter and target the small gap at 1.60 personally. Probably with a trailing stop loss.
Let me know what you think, I don’t want to overlook any possible roadblocks. NASDAQ:FFAI
FFAI trade ideas
FFAI Faraday Future Options Ahead of EarningsAnalyzing the options chain and the chart patterns of FFAI Faraday Future Intelligent Electric prior to the earnings report this week,
I would consider purchasing the 1.50usd strike price Puts with
an expiration date of 2025-4-17,
for a premium of approximately $0.20.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.