Long
CFVI Long, It could rumble
Possible WSB play if network effects of Andrew Tate could influence Zoomer capital to buy the stock as a FU to the monopoly to social media content platforms. However, it does bring into question how much of an influence they really have given how personal savings have fallen back to 2016 levels. This idea is only valid as long as we don't close under $12.05 on a daily candle.
Max price point I could see it going would be ~$52-$65 given how BBBY had a max mcap of $2.5B after WSB made its move on it (But lets not forget that it was short squeezed). Realistically, I can see it going to $17-$27. Good entries for a long at this point are ~$12, $11.35, and $10.30.
Max low price: 10.00
Max high price: 65.00
Trade:
Entry:12.19
SL:11.22
TP:17, 25, 50, 65
Max price point I could see it going would be ~$52-$65 given how BBBY had a max mcap of $2.5B after WSB made its move on it (But lets not forget that it was short squeezed). Realistically, I can see it going to $17-$27. Good entries for a long at this point are ~$12, $11.35, and $10.30.
Max low price: 10.00
Max high price: 65.00
Trade:
Entry:12.19
SL:11.22
TP:17, 25, 50, 65
Note
Best entry is ~11.30, but there's no guarantee that it'd go there. 
SPY going down could help it get there but at the risk of it going all the way down to 10 if it doesn't bounce back asap from 11. Also, technically we did close the gap on the daily.Trade closed: stop reached
Original trade stopped outTrade active
Re-entered at 11.4, new SL at 11.0
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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.