BluntForceOptions

BluntForceOptions

CAG Approaching the upper edge of the Buy Zone I mapped out on May 25 ($21.12–$16.51), with today's move down to $21.57 putting it right on deck. The chart remains structurally weak -- monthly candle still hugging the lower Bollinger Band, and the long-term trend hasn’t shifted. Plan hasn’t changed: I typically begin scaling in near the top of the zone and add...

BluntForceOptions

It’s been a strong week for longs. Cleared plenty of technical hurdles along the way: broke out of the descending triangle setup, reclaimed EMAs 50/100/200 on the way up -- exactly the type of clean sequence you want to see. Now testing that important R-1 resistance zone (early May rejection). A decisive push above $4.32 clears the way for further momentum. If...

BluntForceOptions

The stock's been in a steady downtrend since late 2024, and more recently formed a textbook descending triangle: sloping upper trendline (resistance), flat lower trendline (support). That support level gave way on May 30th with a decisive break lower. We saw a brief attempt to reclaim that support zone, but so far, the $3.81 area has flipped into resistance....

BluntForceOptions

Technical & Fundamental Update Stock continues to fail at the EMA 50 -- another rejection at overhead resistance keeps the downtrend intact. S-1 support at $1.18 is back in play, with S-2 at $0.88 marking the 52-week low. A sustained break of S-1 opens the door for a potential retest of that lower range. For those unfamiliar: the company announced it's...

BluntForceOptions

Just sharing a chart for those who care about technicals. Despite my bullish stance long-term, the setup here is worth noting. The stock has had a strong move off that $2.50 multi-bottom, but it’s now stalling close to the 50 EMA -- which also lines up with the upper trendline of a clear descending triangle. That descending triangle pattern, by nature, tends...

BluntForceOptions

GM, y'all. Not a flashy chart -- just laying out the key levels I’m tracking. Price is respecting the descending wedge, trading between clearly defined trendlines. My bias leans lower here. Watching that S-1 zone near $18.96 as the next potential support. If that fails, S-2 at the lower trendline could come into play. FWIW: Closed out my short puts with a solid...

BluntForceOptions

Still in a confirmed downtrend, IMO, with price action reflecting a mix of structural and macro headwinds. No interest in forcing a trade here -- but I’ve mapped out a "Buy Zone" between $21.12 and $16.51, where I’d look to scale into a long-term position. The chart remains decisively bearish, reinforcing the view that the path of least resistance is still...

BluntForceOptions

Consistent with my revised thesis and the elevated regulatory risk, I’ve outlined a downside range on the chart where I’d consider getting involved. The top of the zone is marked at $2.51 (April low), with the lower boundary at $1.81, the October 2023 low. Given the current backdrop, I’m not stepping in until price moves into this range and the broader setup...

BluntForceOptions

The chart just printed a clean double top near $4.34, with back-to-back rejections signaling a potential short-term reversal. If this pullback gains traction, here are the key support levels I’m watching: S1: $3.93 – prior resistance turned support (breakout zone) S2: $3.55 – strong pivot level from April consolidation S3: $3.12–$3.15 – intermediate structure...

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Chart update: KYTX broke above the neckline of the cup and handle pattern I flagged on Apr 24. I’ve updated the chart with short-term price targets at R-1: $2.52, R-2: $2.62, R-3: $2.71, and R-4: $2.91 -- which also aligns with the SMA 100, making that zone a key double resistance level. I’m particularly focused on the $2.71–$2.91 range, which looks well within...

BluntForceOptions

Respecting the EMA 50 wall here and keeping a close eye on key support levels as the setup continues to play out. Important observation: Price action has consistently failed at the EMA 50 resistance level -- a pattern that's played out multiple times now, including the most recent rejection. In the current skittish environment, no real reason to expect this time...

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After a strong move off the mid-$2 range (double bottom support), the stock looks like it stalled right around short-term resistance in the $3.70 area -- a level I’ve been watching closely. Not surprised to see some profit-taking kick in after that run. Chart’s carved out a clean $2.50–$3.70 range. I’m still firmly long-term bullish, but back to being selective...

BluntForceOptions

Technically, KYTX is setting up with a classic cup and handle. The cup has formed, the handle is in development, and price is tightening just beneath the breakout level. A clean move through resistance could trigger a strong upside extension -- the structure is solid. Now for the backstory: At $2.14, NASDAQ:KYTX is trading at a level that’s hard to justify by...

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The stock has now broken below S-1 support at $2.92, confirmed by a large red candle signaling a clear downside breakout. With small-cap biotech under heavy pressure, a move toward S-2 support at $1.84 (dating back to Oct. 2023) is now a real possibility. Not trying to pick on the stock — just calling what’s in front of us. I’ve held off buying so far, and...

BluntForceOptions

Nike has already been in a prolonged downtrend, but today’s 14% drop, closing at $55.58, added serious fuel to the fire — driven by tariff-related headlines and broader market pressure. Despite the steep selloff, I’m not stepping in just yet. There’s still a lot of macro uncertainty, IMO, and with momentum and technicals working against it, I’m anticipating the...

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Yes, NVO has pulled back hard — from highs near $148 to the mid-$60s, now trading around $68.33. While this selloff may look oversold on many levels, I’m still avoiding the stock for now. The broader market remains in a downtrend, and with macro uncertainty still front and center, I’m not eager to jump in prematurely. That said, I’ve highlighted a longer-term...

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SOUN is back at its 200-day moving average — a key level that's held before, and now it’s under pressure again. No clean break yet, but the setup is looking vulnerable. If it loses this level with conviction, downside momentum could accelerate fast. I’ve got eyes on $6.03 as the next major support zone. This is where the bulls need to step in — or risk a deeper...

BluntForceOptions

A double bottom formed in early March, leading to a strong bounce above $30. Since then, the stock has pulled back into the mid-$20s. Given current market conditions and the chart setup, a retest of S-1 at $24.50 looks likely. If that level breaks, S-2 at $17.96 comes into play as the next key support. Watching these levels closely. Price action here will be telling.