Short squeeze is aaaaaa cominnnnn! Smells like it. I live for these down and out plays where shorts are bold.
We will see. When Cramer & friends start in, it's often the kiss of death. Due for a pullback. Plenty of time to get long at a better entry.
I think today's drubbing could be an end of this ride down . Hit last one up. Repeat performance?
TSLA traders. Willing to risk big here. Buying Jan 15 calls. for ride up to min $238 near term (2-5 days) . RSI is pretty close to rock bottom and price action seems to spell out a possible exhaustion of selling. Chart is ugly lately. In the past, that spelled sharp rallies on short covering. It might be time. Thoughts?
Chart looks like high $360's could be in order. Yesterdays candle was a power pivot imo. Long Jan 15 calls in the money @ $347 today. Just a trade.
Tight range today . Sellers are drying up. Look for an expansion of the range soon , most likely to the upside.'
Long Jan 15 calls.
Bot March calls @ the $62 area. This is the Fib 50% retracement and MAY hold and bounce here. Target sell area is $67.20 - $68.60 (50%-- 61.8%) from high on 2/27 to today's low. We will see if it does bounce in the am.
Did you notice that the USDollar rallied today and crude fell hard. You can expect some price relief soon.
I was even surprised when it broke below 152.20. But it is like I said yesterday in my posts, that was a blowoff candle / bar, with all the euphoria and bull certainty. Perfect storm!
Seen and been through this euphoria many times. I t almost always turns out bad. All it will take is just a slip in Europe or the Yen to finally rally to correct this puppy to SPY sub 140. Don't think so? That's fine. Good luck to ya.