Looks like the 48 hour sell off on news and short squeeze. Options volatility crush in play. look for rebound to the upside at these levels. downside price 12.50 risk. Upside out 15, 16.
It appeared that this sell off is a systematic volatility take profit and short attack. Looking to enter a trade here. Consider taking profit at 15.5- 16.
PBR and PBR.A is set up to retake the previous highs as Oil continues its rise. Shocks to global supply are imminent. New discoveries give the company plenty of room to continue to increase production and global share well into the future. Political risk baked in. Max pain 12.50-11.50. Stop set at 12.76. PT $17/Share.
Looking back at previous years, Sofi has attempted to break and stay above 10 for a while. Considering it has made it above 10 during Tight financial conditions, the current economic environment is supportive of a step-wise like level increase. I see this stock breaking the $9 level and maintaining above before EOY.
