Wedge formation happening, with channel still somewhat intact. Earnings just happens to be when the wedge breaks out ---------> up? down? Who knows, but with the current environment one can only speculate.
Many are bullish here, and options appear to follow suit, though the best wait to play this is a strangle or straddle option strategy. WHO CARES which way it goes, as long as it goes one way and in a violent manner. Play the option out long enough and it could recover the opposite way.
Charts appear to show minor bearish correction. Possible support at 100day? Does it drop to the 90s? WHO CARES! Play the chart in front of you.
Many are bullish here, and options appear to follow suit, though the best wait to play this is a strangle or straddle option strategy. WHO CARES which way it goes, as long as it goes one way and in a violent manner. Play the option out long enough and it could recover the opposite way.
Charts appear to show minor bearish correction. Possible support at 100day? Does it drop to the 90s? WHO CARES! Play the chart in front of you.
Comment:
free fallinggggggggggggggggggg ( believe there is a song for this )
Comment:
This stock is so volatile that whatever happens on earnings will send it through the stratosphere or below the depths of the ocean.
Be prepared for which ever way the market wants to move it.
Be prepared for which ever way the market wants to move it.
Bearish look on MACD
VIX up - short term correction in the works?
Elections are fun times !
If this corrects to 50 week MA it would be a possible great entry point.