POWLI am considering a flat pattern, with the wave C as the ending diagonal.
It has just tagged the measured move for the wave C.
DMA200 is almost at the price.
For a more confident entry, wait for a impulse up and a correction on m15-h1
PW2 trade ideas
POWL an earnings pop will it continue or dropPOWL destroyed analysts' estimates may more than it did the previous quarter.
Of special note, the mass index indicator rose above the threshold but has not yet triggered
a reversal signal. The next trading session may be a drop or a rest until next week.
Call options striking 100 for 15DTE did 300%. I contemplate taking put options striking $110
with the same expiration. Risky for sure but maybe highly rewarding.
Powl is heading downPowl just broke down from the inverted cup and handle. Look for the price to slide 30% or more down to the $15-17 mark. Buying opportunities will be present once this stock slides.
