Hi Lambert, I did some research in several books on advanced charting (Bulkowski, encyclopedia of charting) and he spoke of extended cup and handle patterns in good stocks. Basically the stock stays in a trading range until a large news event happens (Earnings) then it shoots up fast covering the depth of the cup in a matter of two weeks or so. That would be about $15/shr moving us to around $65 from the top of the cup. Then add in the large short interest in this stock and we have a prime example of a frenzied short squeeze. We all saw how it worked for TSLA. That is assuming all the news is good and they beat on earnings, which they should. GL
This scenario is looking more and more likely as we approach earnings. I may have to hold if the stock stays depressed like this. The broader market has another leg up (at least) before the fall swoon, in my opinion.
things like that are a sure way to lose money. both in commission and in moves in stock. Make a decision and stick to it. Go long or short, but stop trading. Also, I advise you to sell this stock as fast as you can click on your mouse. It is a bubble, and you are the bag holder. Management keeps dumping stocks, and retail keeps buying. 3d is nothing but a pr stunt.