APRN on the 2H chart demonstrates continued burning of cash and the burn rate
is more than the estimates of the analysts. With the double Bollinger Band overlaid,
Price since those dismal earnings has increased up more than 50% and is now at the dynamic
resistance of the volatility bands. Confluent with its rise to the upper bands is the rise of price
to three standard deviations above the mean VWAP. I see this as a short trade setup
with the price falling to the 0.5 Fib level confluent with the POC line of the volume profile
as well as the mean VWAP which I will target in the trade. If you want my idea as to the
put option equivalent parameters, please leave a comment. ( like and follow if you are
inclined !) I am looking to get 20% out of the short sell. The put option is screaming for
at least 100% and potentially double that.
is more than the estimates of the analysts. With the double Bollinger Band overlaid,
Price since those dismal earnings has increased up more than 50% and is now at the dynamic
resistance of the volatility bands. Confluent with its rise to the upper bands is the rise of price
to three standard deviations above the mean VWAP. I see this as a short trade setup
with the price falling to the 0.5 Fib level confluent with the POC line of the volume profile
as well as the mean VWAP which I will target in the trade. If you want my idea as to the
put option equivalent parameters, please leave a comment. ( like and follow if you are
inclined !) I am looking to get 20% out of the short sell. The put option is screaming for
at least 100% and potentially double that.