Looks like a dead cat bounce, I just bought some puts. If price hits the trendline I'll buy more. I hard to be accurate with this stock bc is very volatile. But the bearish patterns tell me that it pulls down every time it tries to climb up. Sellers just won't let it go higher.
Note
Puts Strike $111 are very cheap. This stock can make that move in a couple of hours. I'm giving it a whole week.Trade active
Leaving a few puts in case drops more:Trade closed: target reached
Sold everything. It may break down the support but my puts expire at EOW. With this big tech stocks I prefer to take profit soon:
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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.