So my pennant wasn't correct last week, it actually formed a much bigger one. As you can see, it's overbought on the hourly, so probably a bear trap dip this afternoon and possibly tomorrow. Things like to back test the pennant before breaking out so a down day won't surprise me but I would not short this stock.
Rather wait for the breakout and go long. Target appears to be gap resistance from earnings, $85.
Of course everyone knows this garbage can get there in a hurry with a short squeeze, so it may happen as early as tomorrow, lol. Might be worth a day trade. Keep an eye on it tomorrow.
Rather wait for the breakout and go long. Target appears to be gap resistance from earnings, $85.
Of course everyone knows this garbage can get there in a hurry with a short squeeze, so it may happen as early as tomorrow, lol. Might be worth a day trade. Keep an eye on it tomorrow.
Nota
There's an inverted H&S or C&H in there as well, but I like to make my targets off of pennants, my usual followers know....The safest way to play this is to wait until it breaks $75 then it's headed to 85 in a hurry, because it always does.
If it dips tomorrow, I might buy a few calls for next week for kicks and giggles (only because I banked a profit this week, lol)
Nota
I might buy some calls for next week right before close if it doesn't tank.the short squeezes always start with a gap up so I'm not sure I want to chase a gap
Dagangan aktif
Bought 3 contracts for next week when it dipped to $72.5.Note: This is basically a side play for me, I'm up $3k for the week so just playing around with profits. I would never buy BYND as a serious investment.
Nota
Not gonna add, we'll see what happens tomorrow, if it gaps down I'm out.Fortunately I was shorting FSLY at teh same time so I'm even for the day, but I should've waited until EOD like I said I was gonna.
Nota
Gonna hold since it's a side play. Should fill the gap anyways. Might add a couple more contracts around 11am.I said yesterday it could backtest the point of he pennant. Stocks do that a lot.
Dagangan aktif
Added 3 $70 calls on the morning dip. Probably should have played tech instead, lol.That's about my limit for a side play, we'll see where this goes next week
Nota
I'm holding as long as it finishes above open today.
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.