Supermicro did excellently nice after hours, however, it also touched a particular pivot point so I think that tomorrow we should be able to find the CI at about 53 to 52 or 54 whatever it is a little lower because this was really a massive gap up and the market maker should not be so happy about this. They may need to bring everything down to be able to reengage all the derivatives that work off this stock. This is all theoretical. It doesn't need to happen, but in general when you finish her, a wedge it follows a predetermined pattern that is quite reliable in my opinion.
Note
Why does it happen? I have a theory I think synthetic replication has a lot to do with this. It's not market manipulation as some would believe it to be, but large moves like this together with interest rates decay and a number of other factors do play apart on pricing as you would either buy or sell whatever you're doing or whatever you have in order to be able to sell boots or calls or combinations they're off.Note
outs or calls, sorry there was a typo en the notes above.Trade closed: target reached
done..... never chase too much ----- i think this is done sliding or very close. time to step out of the down elevator ...thinking abiut the up elevator now. I just pressed the button
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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.