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 soon
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price is now $400... it dipped below the trend, and now it's spiked over it.
I'm taking profit
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)
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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.
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