Head, shoulders, & a descending triangle all in one, with the triangle forming right at the neckline support. You already know something's about to happen. The main setup here is the head and shoulders pattern, and this is looking pretty bearish. Break below the neckline support and we could expect to see some knees and toes to this chart. Price is wedging, and...
AMZN just announced its 20:1 split. Had a big gap up after the news. Came up near the top of its trend line before getting sold off. If it doesn’t break this downtrend here, we can expect the gap to be filled below & a retest of support. Break the downtrend & we can go long.
Calls>downtrend line
Puts<gap
Hot commodity right now. Big for EV’s. Looks like it’s looking to retest that recent $23 resistance level. Another flag breakout repeats, it would bring us right up to that level.
PT $23
Solid support been holding & even made some higher lows (could be a triple bottom). Resistance level above, but break that with confirmation and we can retest 2800+
~Calls above resistance
~Puts below support
Broke major support and currently retesting and rejecting it. Ascending triangle break on daily could be good shorter term play for puts down to next support @ PT1
