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NIO - Why Are You Long On Another Shanghai Disaster?So NIO makes electric cars and is a company from Mainland China, which means that by default it's a Chinese Communist Party state-run enterprise because of the realities of Chinese law and living under the CCP's jurisdiction. Earnings are tomorrow morning and IV on options are juiced to 150% at the money expiring September 1 and 75% expiring January '24. It might be pretty easy for this company to print a beat considering estimates are only $1.2~ billion compared to the $1.7, $2.5, $1.8, and $1.5 billion in the prior segments. But as we've seen with earnings on stuff like AMD AMD - Greed Doth Bad Habits Breed Target Target - Why Is Everyone Desperate To Long Disasters? Snowflake Snowflake - Is It Time To Stop Gambling On Chop? and Disney Disney - Is Your Compass Upside Down? That a short lived earnings-linked climax has been the optimal moment to enter short and ride the move towards the bottoms. The problem with companies rooted in Shanghai is that Shanghai is the toad's den, the headquarters of the faction of former Chairman Jiang Zemin, who died, and is solely responsible for the 24-year-long persecution and organ harvesting campaign against Falun Dafa's 100 million spiritual practitioners. But even if the company were rooted in Shenzhen, Beijing, or Guangzhou, the problem would be that any company that relies on Mainland Chinese demand to fuel sales, including companies as big as Apple, are in big trouble. The reason is simple. If you look at Our World In Data and examine how many people died from Coronavirus Disease 2019, the Chinese Communist Party under Xi Jinping claims that 121,563 people have died since the pandemic began. The United States with less than 1/4th the population has reported over 1.2 million deaths by comparison. And on top of that, everyone knows how the CCP covered up and lied to the world about the 2003 SARS pandemic. So let's say for a minute, considering China's population of 1.4 billion compared to America's 355 million people, and that China is the epicentre of the pandemic, that as few as 10 million people actually died. Now, consider the number of people counting as eligible buyers who have died in China is even higher than this number because of the huge amount of flooding, natural, and manmade disasters that have occurred over the same period of time. Let's be generous and say that only 15 million people have died. How does that impact the sales of companies like NIO, Tesla, Apple, and everyone else who has become reliant on the Chinese market? Perhaps it isn't enough to cause a 2008-style bubble deflation yet, but we're certainly seeing the impact on the balance sheets, aren't we? And yet people are telling you to get long on NIO. Technically speaking, the monthly bars show us that since the October dump, every candle, no matter how big the retrace has been, has simply respected the gap created by the dump. And this is significant because that dump was an astonishing 63 percent in two months. And at today's prices of $11 this company is still claimed to be worth $15 billion, even while Evergrande has become a penny stock, the Yuan is in huge trouble, and the entire Chinese economy is on the brink of collapse. Something I have enlightened to in recent times is that reversal patterns are not reversal patterns unless the market has traded to its true bottom. This was the problem everyone who was trying to long Tesla, Meta, and Amazon all the way down kept running into. If you buy too early then you have to sit there in drawdown waiting for 25% miracle candles just to break even for a single day. And so you always have to ask yourself if the market has traded to its true bottom before you decide to donate your retirement funds to the Party longing a retrace. On the weekly, the breakout to $16 would be bullish, if $7.5 were the bottom But the problem is that the most meaningful gap on weekly bars was never retraced to after it broke up and it ran away towards $60, and that gap starts at $5.59, almost 50% away from where we traded today. So is NIO a long? Social media wants you to get long because every dumpster pattern that looks like a disaster is a long, for some reason. But NIO is not likely to be a long, no matter how nice of a car and how much of a Tesla killer they may arguably make. But with a $1.2 billion earnings estimate, that's pretty beatable, and so we may see a real retrace tomorrow, however short lived, that could see smart call buyers who exit early or immediately bagging a nice profit. For everyone else, perhaps it really is worth buying puts at $14 expiring in March of 2024 and closing them off at $5.5 Because NIO is a Shanghai dumpster fire, this thing can go down and down and down and down in accordance with the Hang Seng Tech even if the Nasdaq and the SPX rallies in Q4. In the meantime, perhaps September will be a bit of an early autumn for the markets, and perhaps for the world-at-large. Be careful. Shanghai is the "Babylon" spoke of in The Book of Revelations. Babylon is a city, not a person. And everyone who put roots there is dirty, perhaps including Tesla and Elon Musk, the man who wants to turn Twitter into the CCP's social credit keystones Wechat/TikTok.
NYSE:NIOShort
by LordWrymouth
1
Copper - Did Social Media Tell You To Long The CCP Again?They call copper "Doctor Copper" because it's said to forecast the overall world economic conditions on account of being tightly wed to manufacturing. Well, what people are really yammering about with that over the last 20 years is whether or not the Chinese Communist Party is healthy, and the world by proxy being healthy because it tied itself to the most heinous regime in history, the one responsible for the 24-year persecution of Falun Gong by former Chairman Jiang Zemin and the accompanying organ harvesting and genocide. Unfortunately for all the blind bulls, the early 2021-2022 price action was a pretty good indication of a top, and that top is really confirmed by the fact that since October of '22, this bounce has been pretty weak, and starting this month, with all the drama surrounding the slow collapse of the Chinese economy, took out the previous two months' lows. Monthly shows you that August price action took both the July and June lows. Like, that's not the kind of "signal" you want to see to get long for a new all time high. When something is retracing to take out major highs, you want to see lows rarely violated with something of a freight train towards the old highs. Weekly bars show us something of a subtle pattern where it looks like it's just taken some lows and is consolidating and continually flirting with going back up. But in reality the market makers are, most likely, just selling more under the previous $4.00 area. And if that's really true, it means another gap down is imminent, especially after an entire quarter of ranging. If you ask me, the first area that you can look for a long that is more than a scalp on copper is under $2.8, which is a critical pivot from September. And a more likely target in the next 12 months is the $2.00 mark, which was barely swept out in the COVID drama. The reality is, my friends, the Chinese Communist Party is going to fall overnight in our lifetimes. Not five or ten years from now. But very shortly, and everything is going to change. Whether that is caused by Xi Jinping throwing away the CCP to protect himself and China from being taken over by the International Rules Based Order as it uses Taiwan as a soft proxy war, or because the whole world collapses under the results of the persecution of Falun Dafa, since everyone's been going to Shanghai to worship the toads and the Devil Red to get financial benefits. This is the danger. The danger is imminent. But copper trades painfully slowly, so if you want to do this you have to have long duration, ignore the noise, and be willing to suffer some drawdown. China under the CCP is never going to recover. Things are never going to be okay ever again. Things will be okay once mankind returns to tradition. But there won't be an international stock market like this anymore that day.
COMEX:HG1!Short
by LordWrymouth
NIO - are the fundamentals good enough?Analysts have adjusted earnings estimates and thus, an earnings beat does not always translate to good prospects for some of the businesses: Earnings Estimate Management From the earnings forecast by Investing above, we can note the following: The coming EPS forecast (for the period ending 06/2023) is worse than the previous period ending 03/2023. In fact, the EPS forecast is expected to be the worst at record -2.96 since 06/2022. For the revenue forecast, it is expected to be lower than the previous quarter. It stands at 9.16B compared to the forecast of 11.93B from the previous quarter ending 03/2023. This is in fact the lowest revenue forecast since 06/2022. In the event that NIO beats both EPS & revenue forecast in the coming earnings, is the company doing better? In my opinion, it is a “NO”. Beating such an estimate is not something to brag about as the company remains unprofitable with “falling” sales. It can be too early to call this a falling trend but the quarterly signs are there. Conclusion Before we embrace any content from news agencies or investing portals, let us do our due diligence. One quarter does not define a trend and thus, looking at the business as a whole from afar can help to put some objectivity and remove the impact of seasonality. This will help to put things in a better context as we even out peaks from new launches and service offerings.
NYSE:NIOShort
by kyhbko
Is XPEV making a move higher ? LONGXPEV on the 2H chart had a summer peak with the announcement of the collaboration with VW which then ran into quicksand. Price fell down to the support and demand zone and now appears to be rising despite a miss on the earnings report. It seems that with the US markets in quagmire, some investors and traders are diversifying offshore. XPEV, NIO, BABA and BIDU may be benefiting. XPEC seems to have a good RS profile with the lower time frame above the higher time frame and both of the above the 50 level. I will look for a long swing trade entry on the 15-30 minute time frames targeting a price of 22 for a 25% return
NYSE:XPEVLong
by AwesomeAvani
1
YANG China Leveraged Bearish LONGYANG benefits when the China factories slow down and the economy stagnates which is the present situation. The weekly chart shows YANG at its highest before and after covid in 2019-2020. The volume profile shows over the 3+ years most shares have traded at the present price levels. Price is rising above the POC line of the volume profile and approaching the long term mean VWAP. The RS indicator shows sideways strength movement in the mid-ranges. The MACD is curling upward over a low amplitude histogram. The Asexome Oscillator is sideways. Overall, I will place a long trade here and then supplement it with an add when the trend direction is stronger and the Average Directional Index gains amplitude.
AMEX:YANGLong
by AwesomeAvani
2
NIO Options Ahead of EarningsIf you haven`t sold NIO when it had a market cap of $75.43 Billion: or after this comparison to BMW: and reentered before the previous earnings: Then analyzing the options chain and the chart patterns of NIO prior to the earnings report this week, I would consider purchasing the 10usd strike price Calls with an expiration date of 2024-2-16, for a premium of approximately $2.48. If these options prove to be profitable prior to the earnings release, I would sell at least half of them. Looking forward to read your opinion about it.
NYSE:NIOLong
by TopgOptions
1
NIO to continue in the downward move?NIO - 30d expiry - We look to Sell a break of 10.48 (stop at 11.28) Prices have reacted from 16.18. Short term momentum is bearish. There is no clear indication that the downward move is coming to an end. A break of the recent low at 10.50 should result in a further move lower. In our opinion this stock is overvalued. We look for losses to be extended today. This stock has seen poor sales growth. Our profit targets will be 8.48 and 8.08 Resistance: 11.33 / 12.00 / 12.50 Support: 10.50 / 10.00 / 9.50 Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group
NYSE:NIOShort
by VantageMarkets
Tesla - What To Expect Until September?I heard something rather enlightening on Twitter recently, and it was someone who quoted some sort of analyst as pointing out "Tesla is its own market." I think that's really correct, and really apt, especially in light of a recent analysis of the new JPM collar that dropped on Friday, where I anticipate a very violent and very major drop in the markets until Q3. SPX/ES - An Analysis Of The 'JPM Collar' The point is that Tesla can (and has; and will) go up or go down regardless of what the indexes are doing This call is also a continuation of a very successful call I had on Tesla posted in February. Things took several months to pan out to the downside and then to the upside, but everything came to fruition: Tesla - $250 Is Coming... Don't Lose Your Legs In the Bear Trap The key thing with Tesla, especially for the long term holders who think this company has a $3 trillion valuation in it like Apple does, is the Q4 dump to almost exactly $100 was anything but bullish. But fortunately, this "bearishness" has manifested in a significant bounce, and, in my opinion, the Party hasn't yet stopped here. Speaking of "The Party," you have to be very careful with Tesla because Elon Musk decided to root a huge bulk of his company's production with a Gigafactory in Shanghai-Babylon. This leaves this company open to exceptionally enormous geopolitical and fundamental risks as President Xi Jinping faces the possibility of having to dump the Chinese Communist Party overnight, any night, because of the battle against both the remnants of the Jiang Zemin faction inside China and the "International Rules Based Order" that's rooted itself in Taiwan. To put it plainly, the IRBO wants to take over China using someone it has groomed from The Republic when the CCP falls, with the idea being to take down Xi with the Party. The "Jiang Faction" is significant because it's the architect and conductor of the 24-year-long persecution and genocide of Falun Dafa's 100 million practitioners. The sins are grave to the extreme and can (and will) be weaponized to put an end to the threats to Cathay. With Tesla, I believe it's going to dump, and with some fury. And during the process, you'll hear a lot of FUD about blah blah fundamentals this, blah blah "can you believe how this ponzi is dumping people who bought $250 will be generational bagholders" that on social media. You need to ignore all of that, because the day Tesla breaks $100 is the day Tesla is finished. Moreover, Tesla is about to give you a buying opportunity in the $180 range. Remember that whole adage about "buy the dip"? You're about to get the opportunity, again, but it won't feel very good because things will be scary and it will seem like everything is going to zero, and tomorrow. Seriously, read the JPM collar post above. Once the dust has settled, if the April lows remain intact, then the next target is the equal highs printed in July to September before the enormous sell off, amounting to nearly another two bagger. But perhaps what Tesla really is aiming for is something Musk can get high on. If by early September you see the price bouncing and try to short, it'll more or less turn out as bad as it did for NVDIA bears. No matter how you complain about P/E ratios and market cap and comparisons to Ford and Toyota, the reality is, this is what a bearish market structure actually looks like in action. The banks sell on red and buy on green. You buy on green and sell on red. It's a painful reality, isn't it?
NASDAQ:TSLAShort
by LordWrymouth
6
NIO finishing a Fib Retracement Ready to Continue LONGNIO on the 4H chart was on an uptrend into a double top in late July and Early Augus. This was confluent with the second upper deviation line above the mean anchored VWAP line which is thick black. Now on the retracement price has hit the mid-Fibonacci levels of 0.38-0.5-0.62. The MACD is sowing an early buy signal with a line cross under the histogram. I see this as a long trade on continuation with some early bullish divergence with a the potential upside of 20% back to the VWAP lines whose resistance forced the double top. I will put this on my China watchlist watching for the pivot low from which to enter.
NYSE:NIOLong
by AwesomeAvani
3
TSLA - Rising Trend Channel [MID-TERM]🔹Rising trend breaking downwards in medium long term. 🔹Currently testing support at 210, which could potentially signal a POSITIVE reaction, but a downward breakthrough could indicate a NEGATIVE signal. 🔹Low RSI indicate oversold and potential rebound reaction. 🔹Technically POSITIVE for the medium long term. Chart Pattern: 🔹DT - Double Top | BEARISH | 🔴 🔹DB - Double Bottom | BULLISH | 🟢 🔹HNS - Head & Shoulder | BEARISH | 🔴 🔹REC - Rectangle | 🔵 🔹iHNS - inverse head & Shoulder | BULLISH | 🟢 Verify it first and believe later. WavePoint ❤️
NASDAQ:TSLALong
by wavepoint99
JD is it a safe short or an early reversal?JD on the 1H chart has been in a solid downtrend worthy of shorting. However, the zero-lag MACD shows a line cross under the histogram and a red to green there. The signal has curled. This looks like subtle divergence. Price is in the area of the mean anchored black VWAP lines. The mass index indicator is double tapping the reversal zone. So, what you think? Is there more downside or instead is JD going to bounce and move up? Please offer your comment !
NASDAQ:JDLong
by AwesomeAvani
XPEVXPEV a few weeks back had the hype and excitement of the VW deal marked on the 1H chart as a head and shoulders from which it has falled onto a thick support and demand zone at the present. The ZL MACD indicator shows a line cross under the histogram which has went red to green. On the dual TF RS indicator the greenlower TF has crossed above the black higher TF and they are both rising reflecting two green candles marking a reversal. I will get in this long trade early an plan to get 16-18% out of it.
NYSE:XPEVLong
by AwesomeAvani
NIO | Solid Price Action At The Current BottomHi, Nio is a leading electric vehicle maker targeting the premium segment. Founded in November 2014, Nio designs, develops, jointly manufactures, and sells premium smart electric vehicles. The company differentiates itself through continuous technological breakthroughs and innovations such as battery swapping and autonomous driving technologies. Nio launched the first model, its ES8 seven-seater electric SUV in December 2017, and began deliveries in June 2018. Its current model portfolio includes midsize to large sedans and SUVs. It sold over 122,000 EVs in 2022, accounting for about 2% of the China passenger new energy vehicle market. Technically NIO looks attractive; I like the way it found a support level from my previous call(s) at TradingView. I like the previous monthly close and if somebody is interested in it then I can give a technical confirmation. Technically it is solid but you have to consider fundamental risks to invest in China and etc. Technically haven't seen such a price action that can be attractive for me on the NIO chart. I cannot say that it is the best but first time, since the all-time high, it looks solid and I would like to share it - odds should be in our favor ;) NIO price got a rejection upwards from the minor horizontal area, there was also the psychological number of $10 and a gap fill from 2020. These criteria held it, got a rejection, and now in the last week it found a great volume and it brought the price to another obstacle which is around $15. So a little pullback was expected. A strong area around $15 can act, and actually has already acted, as a solid resistance level. Still, I'm waiting for that retest because we have some short-term new higher highs, a strong bullish weekly candle close above the Weekly Moving Average of 50 (orange line). * Considering the recent price action then we should see the retest and an optimal buying zone should stay between $9.5 to $12.5 * First targets updated on the chart room Good luck!
NYSE:NIOLong
by VaidoVeek
Lucid Motors - As For Me, I Like The StockThe first thing I want to remind you of is that you should buy stocks when they're low, down, and red. Stop buying things when they're green and up bigly because you "see confirmation." If you can't let go of this attachment to only believing in what you can see and not believing until you're shown, then the Bible story of Doubting Thomas is really something to give a read. So about Lucid Motors: As for me, I like the stock. Here's some reality: 1. Electric cars are a real thing now 2. Tesla needs competition 3. Luxury electric cars from BMW et. al. kind of suck and there's no real demand for them 4. Lucid has cars on the road and even The Wall Street Journal gave them a thinly veiled advertorial after the Saudis infused some blood Also, although Lucid will soon be expanding into the China market, as of now there is no manufacturing in Mainland China. This gives Lucid significant benefits in the not-being-subject-to geopolitical risk like Tesla with its Shanghai Gigafactory located in Babylon is. Because one day in our lifetimes, I believe Xi Jinping will throw away the Chinese Communist Party like Gorbachev did in the 90s and everything will change because the persecution against Falun Gong launched by former Chairman Jiang Zemin (it's dead now) will be totally exposed and much of the world will be implicated. This will make life very hard for everyone who's been soliciting Shanghai (Babylon). Moreover, right now, Lucid makes cars in Arizona and in Saudi Arabia. With the 2024 Presidential Election looming, a Donald Trump win would be huge for any "Made In America" company. I'm not a huge fan of Trump, personally, but I think you should throw political bias away when it comes to analyzing the markets and figuring out how to invest your money/trade. The financials for Lucid appear to indicate that spending and R&D is up. This is actually a good thing, because it's very, very hard and takes many, many years for a car manufacturer to be able to get roots down in society and become a household name. It's going to be a "spend money to make money" kind of thing for Lucid. Anyways, the raid on the all time lows after the Saudi announcement is a good thing. You need to look at things backwards. Down is good if you want to buy. Up is good if you want to sell. The last week's action is definitely bullish and you should be thinking of how to get long on a pullback. The problem is, where can Lucid go? At $7 it's already worth $14 billion mcap. And unfortunately for everyone who WaNtS tO SeE a MoASsSsSSss the reality of getting one is you had a few minutes to sell the top and now the chart is a mess. On the monthly and weekly We can see that a healthy company would return to the $30 range. But with that stupid MOASS candle blocking the way you really may not get anything better than $10. I think the bear case if this is to go to $0 like MULN or some other dumpster fire coin is $15 All and all, if you go long here, can diamond hand a bit, and sell at $10 or $15, what exactly are you sad about? Put the FUD aside and all the yammering about "the fundamentals" and ask yourself if you really want to sit on the sidelines here and watch this thing do what IONQ has done until you "see confirmation" like Doubting Thomas saw his Master's spear wound after Lord Yahweh's Resurrection. Ultimately, I think we're going to see a pullback into the opening of July, but we need to see July rip over $8.50 for this to really be a long. But if you want for it to do that you might wake up to find $11 and it's already too late for regrets. Don't leave yourself with regrets. Use faith.
NASDAQ:LCIDLong
by LordWrymouth
4
NIO - POSSIBLE ELLIOT WAVE 3 ENDINGNIO has followed a bearish trendline very beautifully. Can see theres still room for further downside. My count shows that NIO is close to completing wave 5 of (5) of ((3)), so thee are multiple sequences that NIO will be completing at this area with the target range within the pink lines ($7.40-$4.88). Can it go lower? Of course, its markets that decide, will it go lower? probability wise not here and not now, but after wave 4 rally, we can favor stronger bearish move lower. I would suggest being patient with NIO as market wide sentiment is 'take caution', and as always never throw all your eggs in 1 basket. Manage Risk and use a DCA strategy to accumulate a position. Below$6.00 is great area to buy some NIO but always be prepared that it can drop all the way to the lows
NYSE:NIO
by CryptoHolix
5
Ford - A Cautious Post-ER Long ScalpFord is one of the richest charts among all of the U.S. equities to chew and savour for an analyst. The reason is, its relevant price action to today spans some 22 years, and we can only see it on the monthly: Notably, $26~ was a curious place for price action to stop and reject 18 months ago, leaving monthly hallmarks of potential targets And looking at the weekly: The rejection was so gappy, closed in ranges not seen on the monthly, but left open ranges not seen on the weekly. And yet in 18 months, the flat bottom formed under $12 is no cause for bullish continuation. "Support" as retail traders are taught to believe in, is made to be broken. Therefore, this chart would absolutely never be a long, in my opinion, except that price action you can only see on the daily has created a set of goalposts. And those goalposts are at the $15.42 level, which formed a perfect double top composing the July high. Before we begin, I want to warn you that trading the markets right now come with significant geopolitical risks surrounding China. The International Rules Based Order is frequently going off about "de-risking" from China, but not "decoupling," and the meaning of this is pretty significant. You should note that the propaganda machine is always targeting "China" but not "The Chinese Communist Party." Don't you think it's strange that despite the CCP's 100 years of murdering significantly more of its own people than Hitler did in general that the global Party doesn't take advantage of the CCP's heinous human rights abuses and totalitarianism to take it down? Instead, they're always going after China, its 5,000 year old culture, and its 1.4 billion pre-Wuhan Pneumonia population? It's because the IRBO wants to take control of China as the CCP falls. They won't take control of it directly, because they're not Chinese, but will install a puppet from Taiwan. And this is where "War With Taiwan" garrling comes from. It's not that Xi Jinping is going to invade Taiwan, but that the IRBO intends to take control of China with Taiwan as a proxy. But Xi can always weaponize the 24 year persecution of Falun Gong, started by former Chairman Jiang Zemin on July 20, 1999, to protect himself and China, because Wall Street and the World Government have been extensively visiting Shanghai (Shanghai Gigafactory what?) to train Marxism. And training Marxism in Shanghai means depositing collateral with the CCP. Xi has never persecuted Falun Gong. Instead, Xi has even protected Falun Gong from the Jiangling thugs in Hong Kong, and that was the real purpose of the National Security Law and the installation of John Lee as Chief Executive. Notable that Lee was banned from attending the San Francisco APEC conference in November by Joe Biden, in that light, wouldn't you say? So, back to trading. Generally, the market makers will not leave this kind of double top in play, because short sellers love to go bigly short under them because "it's strong resistance," before taking new lows. It's noteworthy that Ford is only a ~$50 billion company. Compare that to Tesla and decide which company is over/undervalued. And all of that is just theoretical, but when we combine it with the fact that Friday's earnings were actually pretty good, but Ford dumped, and back into the box that preceeded its breakout, making it a classic breakout-retrace long, we have a trade setup. So here's the idea. Unfortunately, I believe that there is extremely high probabilities that the indexes are topping to end July or to begin August, which I go over here: # SPX - The Sound of a Shattering Iceberg Ford would probably get drug down in a 200+ point SPX correction. That means that while we have significant bullish upside targets, at the $18 and $22 levels, all of the long term price action considered, we probably have to raid the bottom under $10 before Ford can really and truly rally during an index recovery. So what we have is a long from where we are on Friday, +/- $12.80, with a target of $16. This is a pretty nice range to collect. Rather than use a strict price based stop, what I would like to say is that if Ford does not trade up and away from this $13 level within the next two weeks, it would indicate that big money is up to something else, and a long trade is either not valid or too risky to bother with. Conversely, if you're bold and brave, shorts/puts over $15.50 with a target under $10 before 2024 may equal an even better payout and risk reward setup. This trade is something of a coinflip that I only have moderate confidence in. What I have confidence in is that the MMs will not leave $15.50 in tact before they really dump it. I also don't believe they'll leave these perfect flat bottoms in tact before they pump it. So, be careful, and good luck. Plays like this are a lot better than gambling on the latest dumpster fire coin (AMC, SPWR, lol) spread on Marxist messenger Reddit.
NYSE:FLong
by LordWrymouth