The technical setup for DoorDash on Friday, along with the overall market conditions, should have undoubtedly driven stronger performance. However, the 2.53% gain was dampened by what appears to be an endless supply of company stock being exercised by insiders.
Make a decision at 440 , SPY should at the least retest that, Shorts know this longs know this, some kind of news will come out on that day to determine it's fate. depends on the media. since when has current earnings mattered in the stock market
$RIG has been on walls st radar since CEO Thigpen purchased even more shares in the summer of 2021 to become a part owner, He predicted the Oil price boom. The stock price is below the $5 mark which is why Wall st funds haven't piled in, The price has frustrated retail traders as they have been waiting patiently. The key here is to stay invested until the true...
STEM reversal would bring bottom buyers in and squeeze the 10% short interest. Volume has already surpass the previous weeks volume. Red volume bar line has shown to be reliable
E.V have not had an opportunity to fail yet, we're in the early stages . A rebound is likely as we see puts being closed out and long dated calls being accumulated across the E.V space
May 260 call BID .32 ask .43 buyer bought these at $4.55 for 900k . plenty of time for these to rebound
Long term trendline and volume bar coinciding with $RIVN sale
This will tip it's hat when significant volume comes in
Look for the short term calls to pay in this as a bounce is likely. A break thru the volume bar will require good news
10%SHORT low float intraday helping balance the chart before a run thru a thin daily cloud
Big cloud cover on 60 min , calls and puts active , battle will likely be won by shorts as the trend continues to be to the downside.
10% short interest , high call volume and put volume