Its ready to breakout and Im already up 56% on 35 may 21 call
Look to pick up some PTON off the 50 SMA. Can be potential breakout from triangle.
Snow presenting an opportunity for trading soon.
210 support meeting with 200 SMA. Good spot at bottom of wedge channel to get some calls.
SOLO sort of put in a double/triple bottom ehausting a corrective elliot wave. Started on first wave up. Slow until it breaks resistance. Loaded some $10 calls at support and up near 60% already.
I believe based on the inverse head and shoulder ish pattern and double bottom more or less that it has some upside especially being in EV sector. I think were looking at good trading volume above support and current trading above the recent resistance.
When it confirms breakout its a good spot to get in for a few days swing in options at a minimum until it starts to retest. On retest buy a leap if it confirms breakout
here is my prediciton for Zoom. Long term support coming up. Moving averages coming up. Will buy long term 2+ month calls out of the money if we break above the downtrend lines.
Long term support on 200 SMA WEEKLY chart, and double bottom on daily off this 200 sma Weekly. Target #1: $30 Target #2: $50 Obviously there is covid in play and others that are taking advantage of this company during this time. Long term results should show this on the chart.