FC is completing an inverted H&S pattern within an up channel. The shoulders of both inverted H&S patterns are in orange and the head is green. Continuation within channel even though its pretty tight upwards.
Buy at 32.50 or lower First Profit Target 34.00
Look at the intraday and you'll see weakness until the market wide short squeeze at the end of the day. Up $1 at the end of the day on 8k panic buy. I expect it to shed that next week.
Gotta take a stab at this one. Overbought on a low float stock with no real interest from the public. When the idiots who bought today decide to sell this is gonna tank quick.
Not really sure why anyone would buy this stock but whatever. It's overbought, double topped, and threw a reversal pattern. Low float stock with no liquidity, and options are thinly traded. Managed to snag some June 30 puts at $.30 for a small play.
Everything is repeating Jan 2018, even FC. Look for short opportunity at end of month @$30.
Not really a trade I recommend, but I figure I'd post it since I'm playing it. FC has done a pop and drop on the last 3 earnings because they lost less money than expected (which is retarded if you ask me). Options premiums are a bit high, but figured I'd pick up some $22.5 puts. Pay attention to earnings Wed afternoon, and if they lose money and the stock...
They pumped this garbage stock yesterday on what appears to be massive short covering, got lucky and grabbed some Dec 25 puts for $1 this morning. Figured there's no reason for this to be up when the market gapped down in the morning. Thinly traded stock, options don't trade at all. Stock doesn't follow the general market, which is good since I expect the...
Up %25 . Looks like volume may be carrying this one but might hold Monday morning!