The news cycle pushed the stock much lower than anticipated but seems to have recovered. Moving forward we can expect 2 scenarios with the stock price retesting long term trendlines or a continued rally fueled by increasing gas prices and Fed interest rate cuts.
The chart shows, in my opinion, 2 potential scenarios for the stock price.
The chart shows, in my opinion, 2 potential scenarios for the stock price.
Note
So far so good for our prediction. The stock hit the upper resistance and pivoted. Lets see if it continues to fall for a retest. I opened a $97.5 Put for 4/17, lets try and scalp some cash on the way down. *This is my opinion. Trade at your own risk.
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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.