EXPR - Bull Flag Print
EXPR appears to be printing a bull flag this week and has been moving up nicely since the recent triple bottom in January. But could see a temporary sell-off into options expiry on the 18th later this week with max pain way down @ $3.50. Hope I am wrong.
Indicators I track are looking good overall but the multi-timeframe Stoch is overbought and thus EXPR could see a brief pull back here. Good news is that bullish volume has been building since early January, and the RSI and VAPL indicators remain bullish and appear similar to the bull run that occurred back in Q3 2019 which led to a +300% gain later that year.
Currently long shares and $6 calls with a Apr 14th strike purchased in late Jan 22. Will likely look to add to these positions if it sells off significantly (+10% and near/at/or below $4) later this week. The midline of the presented regression channels should provide solid support at ~$4.03.
Not financial advice.
Indicators I track are looking good overall but the multi-timeframe Stoch is overbought and thus EXPR could see a brief pull back here. Good news is that bullish volume has been building since early January, and the RSI and VAPL indicators remain bullish and appear similar to the bull run that occurred back in Q3 2019 which led to a +300% gain later that year.
Currently long shares and $6 calls with a Apr 14th strike purchased in late Jan 22. Will likely look to add to these positions if it sells off significantly (+10% and near/at/or below $4) later this week. The midline of the presented regression channels should provide solid support at ~$4.03.
Not financial advice.
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