As everyone on Twitter is expecting right now, I believe there will be a strong bounce at the $100 level.
Weekly Timeframe:
Daily Timeframe:
65m Timeframe:
Price Targets:
Calls:
Puts:
Weekly Timeframe:
- Quadruple Bottom - much like SOXL
- Massive volume at this level
- Strong Volume shelf
- Strong Hidden Bullish Divergence
Daily Timeframe:
- Triple Bottom
- Strong Bullish Divergence
- Solid Volume Shelf
- $100 is a strong psych level
- Earnings is soon
- Bottom of an RSI-based demand zone
65m Timeframe:
- Strong Bullish Divergence
- While volume is higher than normal, seller volume has decreased
- Options flow strongly favors calls - targeting $110
- Falling Wedge
Price Targets:
Calls:
- PT1: $103.75
- PT2: $105.30
- PT3: $106.20
- PT4+: $110.00
Puts:
- Break of $100 Level only
Note
This medium bullish divergence has become strong bullish divergence. I am in puts as mentioned, but I will continue to watch this for a reversal.
Disclaimer
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Disclaimer
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.