Based on the daily chart I see a lot of weakness.
EMA fibs shows a time of uncertantiy it can turn either way, however, it is facing resistance (mind you that the trend line may not be super clear, but you get the picture).
I am placing a PUT that expires 6/15.
Stochastic RSI market strucutre shows a "M" formation which is bearish imo
Volume is weak
I will flip position around support area $3.30
Let see how this goes.
EMA fibs shows a time of uncertantiy it can turn either way, however, it is facing resistance (mind you that the trend line may not be super clear, but you get the picture).
I am placing a PUT that expires 6/15.
Stochastic RSI market strucutre shows a "M" formation which is bearish imo
Volume is weak
I will flip position around support area $3.30
Let see how this goes.
Nota
I do believe I was wrong...recently you can see the lowes getting higher should have indicated an upward impulse. I am looking at the Ichimoku cloud and it can face some resistance around $7.00. We all make mistakes. But one must learn and not repeat it.
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.