RE:RE:RE:$5.51 USD CloseLevel of resistance $5.69 USD which I mentioned two days ago became a support which they are flanking it down into right now to rattle some out. Just inhaled a 1/4 position of same $5.50 Calls Expiry tomorrow @ $28 per contract. Get the heart pumpin. Yolo.
Shorties need to cover nearly 70 million shares. I think that has a lot to do with the wild after hours followed by yesterdays blow off top on over 40 million shares trades via Nasdaq. Shortytards need to cover. Sentiment is improving.
eom
momo
CommonCentsforDollars wrote: $5.69 USD is a level of resistance, next resistance is $5.82 USD.
I still feel good about my comments from yesterday, What I am not liking is the Open Interest from yesterday on $5.50 and $6 contracts is increasing. Who da f is selling New Contracts? I don't know.
Better to be safe on the fire, gas and explosives.
Sold 50% of my Weeklies position. Holding the other half.
In at $11 per contract, out at $31 for half my postion.
Thank you God for the blessings.
eom
momo
CommonCentsforDollars wrote: Heavy Volume on the $6 weekly Calls. I could be wrong but IF it is giving the same sort of " tell " as the OTM Call volume did early last week it would mean this pushes above $6 USD by end of week. Also there is an inversed Head & Shoulders on the chart which is bullish as long as we hold $5.15 USD. I took a half position on the $5.50 Weeklies on the dip. May add more tomorrow or just remain at a half position on these yolo's. Not a recommendation, just my observation. Cheers.
CallsforMarch 25, 2022