VRAR bounce off trendline?The VRAR surge in recent months has retraced back to it's historical trendline. I would expect the stock to bounce back to at least the first resistance level between $2.90-$3.30. and possibly test new highs thereafter.
Not being greedy I would take 50-75% profits at $3 and ride it from there.
VRAR trade ideas
VRAR The Glimpse Group Options Ahead of EarningsAnalyzing the options chain and the chart patterns of CTAS Cintas Corporation prior to the earnings report this week,
I would consider purchasing the 2.50usd strike price in the money Calls with
an expiration date of 2023-12-15,
for a premium of approximately $1.10.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
Looking forward to read your opinion about it.
Glimpse Group Glimpsing up. VRARWe are not in the business of getting every prediction right, no one ever does and that is not the aim of the game. The Fibonacci targets are highlighted in green with invalidation in red. Fibonacci goals, it is prudent to suggest, are nothing more than mere fractally evident and therefore statistically likely levels that the market will go to. Having said that, the market will always do what it wants and always has a mind of its own. Therefore, none of this is financial advice, so do your own research and rely only on your own analysis. Trading is a true one man sport. Good luck out there and stay safe!