Earning is due this week. Shorts in this name is in abundance.
Technically this has plenty of downside. Actually I looked at the charts few days ago and posted a quick note in STwits and did mention my bearish stance and sure enough it did come down on Friday.
Look at this chart, same price level few months ago when it started to make a run, it had a reversal candle. Now we are in exact same price level and once again we have a reversal candle and pointing towards lower prices.
I will 100% add my puts play on Monday and see what happens.
GL
Technically this has plenty of downside. Actually I looked at the charts few days ago and posted a quick note in STwits and did mention my bearish stance and sure enough it did come down on Friday.
Look at this chart, same price level few months ago when it started to make a run, it had a reversal candle. Now we are in exact same price level and once again we have a reversal candle and pointing towards lower prices.
I will 100% add my puts play on Monday and see what happens.
GL