Carried into earnings week on strong volume as it approaches a new ATH, it's reasonable to expect a pre-earnings inflation (bubble) that would allow a quick scalp for some easy money. Fundamentals aside, even though this equity may be overpriced, it's positioning itself as one of the market's favorite growth stocks for this cycle. Would not be surprised to see blow off top with potential to short on the way down for some big cash.
Trade closed: target reached
Target achieved. I'd short into earnings.
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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.