"Squeezed" Is how I like them apples!
Updated
This week short covering should be a bit muted compared to next week. A lot of open positions will be closing next week and all sub $30, vast majority sub $26. Should make for a nice squeeze with the amount of volume!
Entry point= $30( or therabouts)
Exit Target by 9/20=$41
Exit Target by 9/21=$37
Options might be a good play here if you know how to play them.
Entry point= $30( or therabouts)
Exit Target by 9/20=$41
Exit Target by 9/21=$37
Options might be a good play here if you know how to play them.
Trade active
Looking strong for such a down day across the market. Watch for a weds afternoon update. We should be moving north again by then.Note
It looks like the market movers are heading for a reversal next week unless this consolidation ends. I expect some tell early Friday. I'm operating on the assumption that most shorts have covered early this week as the upgrades and slight drop have likely inspired some positions to be closed.It's still possible that all these recent upgrades could catch up and news of weak NVDA follow up card is also a win for AMD. Trade is the elephant that shouldn't be a concern but people worry and 90 percent of the game is sentiment, 5 percent patterns, and 5 percent luck.
Don't Panic!
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.