I typically never look at stocks that have a huge run up and seem over extended on the 1 day chart.
But, the 4 hour chart clearly shows a reversal from being oversold with momentum and all key indicators pointing towards a move up.
Due to the big wick on Friday, the fib channel has opened a pathway to $260.
Unusual options activity at $260 strike price as well for august.... seems a bit premature but the range is evident and the last 3 candles on the 4 hour chart show it wants to move.
This is interesting for me as it goes for, and against, what I look for in a price target.
Then I realize, I'm against it based on feeling/judgement. The indicators point towards $260, or at least $250-$260 range.
Not trade advice.
But, the 4 hour chart clearly shows a reversal from being oversold with momentum and all key indicators pointing towards a move up.
Due to the big wick on Friday, the fib channel has opened a pathway to $260.
Unusual options activity at $260 strike price as well for august.... seems a bit premature but the range is evident and the last 3 candles on the 4 hour chart show it wants to move.
This is interesting for me as it goes for, and against, what I look for in a price target.
Then I realize, I'm against it based on feeling/judgement. The indicators point towards $260, or at least $250-$260 range.
Not trade advice.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.