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FISKER FSR Cup and Handle Short then Long
FISKER FSR Cup and Handle Short then Long
By AwesomeAvani
Follow
Follow
Mar 5, 2023
4
Cheer
Cheer
Mar 5, 2023
FSR has formed the cup of the
cup and handle pattern
and is now starting the
downturn formation of the handle. Price action should continue down to the 50%
retracement of the uptrend of the cup. It should then reverse and trend upward
to twice the height of the cup/ AO /MACD / RSI confirm the downtrend.
I will target this with the $7.50 strike put options expiring 3/10 and then upon
hitting the full retracement close than position and open $8.50 call options
expiring 3/17. Overall, expecting 200-300% realized profit on the trades.
Not at all a surprise but LCID / Lucid has the same pattern and so a similar
idea.
Cup And Handle
cupandhandlepattern
Fibonacci
Fibonacci Retracement
fisker
FSR
lcid
Oscillators
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