Updated

PD Pennant

PoS missed on earnings and went up big couple days after for no reason. Obviously forming a pennant,, no reason for it to break upwards. A lot of stocks are heading back to pre-COVID price range, this should be one of them.

$26-27 target, bought April puts this morning

Note

Just tested the lower pennant line. Good chance it can pop above $40 tomorrow before breaking through.

Looks to me like the market has bottomed out for the day

Note

Broke support, just all depends on what NQ1! does now.

Trade closed manually

All indicators show all indices oversold, closed all my short positions.

Will re-short this thing next time market gets overbought

Note

As bearish as I am on this stock, everything points to an up day tomorrow, it does trade with tech indices.

Inverted H&S looking formation (though ugly) points to a target of $41 for Fri/Mon at which point I will reconsider shorting.

Note

Just goes to show that even garbage will float on a rising tide

Trade active

Got back into April $40 puts, even though it didn't hit my $41 target. Will add next week if it does.

Trade closed manually

LOL, doubled up this morning on the strange gap up and just flipped it again at support.

Does appear to have support at $37 and I think the market is done dropping for the day.

I could be wrong and this could go into a complete tank but I got other things to do today.

Trade active

LOL, broke support. Decided to roll my profits into $35 puts. Worst I can do is break even if this goes up.

hungry_hippo

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hungry_hippo