This gap and run was a result of a breakout of the saucer formation on the weekly chart.
Ever since then it has had a muted showing, trading in a channel with a resistance of about $130 and a support in the $90ish range.
Within this channel,
Fundamentally,
I am looking at a more conservative first target zone at $160‑167 and an extension to $181. A weekly close back below $112 would negate the bullish pattern and put the 200‑week SMA (~ $96) back in play.
I am long on this and I expect TP around August ending to mid September.
Trade active
💼 PositionType: FUTU $150 Call
Expiry: AUG 15, 2025
Average Cost Basis: $2.64
Date Purchased: July 7, 2025
Total % Gain/Loss: -14%
Trade closed: target reached
💼 PositionType: FUTU $150 Call
Expiry: AUG 15, 2025
Average Cost Basis: $2.64
Sell Limit Price: 10.55
Date Sold: July 11, 2025
Total % Gain/Loss: +399.6%
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.