Chart pattern says wait for the hourly to go overbought then short, lol. Nobody wants to own this PoS, it's just short covering today and probably tomorrow. Might buy puts again if it hits gap resistance at $14.5 Depends on what else is going on.
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Cup and handle forming on this PoS. If China wasn't trying to kill this company I'd buy calls today. Pretty sure it hits $14.5 before the end of teh week if not tomorrow.Note
Note: I AM NOT ACTIVELY TRADING THIS GARBAGE RIGHT NOWWIth a PoS stock, it;s better to wait for teh pump then short it.
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Cup and handle target seems to be about $14.75 so it might fill the gap then drop. EItehr way, I'd wait at least until tomorrow to short. Weeklys are no longer available, you'd have a whole month to watch this PoS tank if you buy July puts.
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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.