May 28th is a big day for LINK! Expect a run up. I believe we need one more small consolidation before breaking this channel. All depends on where BTC lands, right now it's in a box on the hourly looking to head to 40k or break 45 and head back towards 50.
This is my first crypto chart, let me know what you think!
BTC gonna melt up to 70k only a matter of time and these heavily shorted crypto miners will go with it beyond their fundamental value, as we saw in February.
Crystal ball prediction, not financial advice.
Idea worked wonders, 155 and 160c paid very well. Watching next week over that 159 for retest of 164 and beyond that it's gone squeezing back to 200+
Average true range of this name is $16 or about 10% of the underlying that's highly volatile, so must capitalize on the breather it took today.
CHPT is a highly shorted stock.
From a fundamental perspective I would not invest. Tesla dominates EV charging.
However, speculation is high in EV and charging and will continue under Biden. If big tech melts up, clean energy could follow as we saw in the Fall.
The technicals are lining up with short interest for a squeeze. See my daily chart for more...
FUTU is heavily shorted and has been consolidating downward since February high
It can move big, 20 day average true range is $16, for a $140 stock that's huge!
Watching the morning volume, a build above 150 can squeeze shorts,
150 is the confirmation for a bigger move, I may add some on the break of this flag.
22% short last I checked, and much higher some days. Will double eoy in my opinion, fintech has no limits and many untapped markets worldwide.
