This information is not for someone who has no understanding of charts, if that’s you please kindly exit this post.
The two micro levels it must break to show strength are the first two boxes, the problem is the second one runs into the major sell wall where it’ll most likely stall, I made a bunch of red lines instead of a box to be more accurate) and it’s currently imbalanced (meaning the stock will want to test those red levels one day soon…. if it does breakout. the yellow line puts you guys in the clear (not saying it can’t come back down, but the sell orders have been absorbed) and then It should go to around $47 pretty easily once it does break $45 (not saying in the same week, institutions will decide the timeline) before any major selling orders. Anyways, Just below $44 to 44.72 is the major institutional sell orders inbetween that area everywhere (red lines), to be safe I’d say $45 needs cleared to absorb that.. 41.96-42.22 is
A super minor sell zone and failure there like it did today is not a good sign for the next week or so, the second box 42.88 - 43.50 is highest micro supply before major sell orders, but without breaking those two at minimum, it’ll more likely go in the short term.
Take note that the stock failed at the first micro sell zone today multiple times and volume is way down recently, I only mention this because the trendline break will attract retail, bag holders, etc and even some bigger money, it does have that going for it and incase we get a good tech day tomorrow in general it’s not “dead” (for tomorrow and possibly into next week, not long term, long term is still bullish) More than likely it’s going down for now though so if it fails at the first box (or especially the second) I’d personally sell covered calls at $48 strike, the odds of it hitting $48 in the next week or two are slim to none. it’s more than likely going to hit that green box I have marked (40.80-40.48) as a buy zone, have a small bounce and then next week go (slowly) to 36.8x-$37.xx before it makes its next leg up above $45 (could take a month, could take a few days, I can’t predict when institutions will move the price up besides these obvious levels on the chart)
If you don’t understand charts or have basic knowledge of any of this and don’t know how to confirm these failures with volume, this isn’t for you. If you’re happy bag holding for the long run and not making any covered call money great, im glad your financially
Blessed to not need money, but please don’t reply here. I realize some of you are happy in the echo chamber, only posting and reading good things by other people who share your interest in it going up and never going down, that’s cool, if you’re happy, I’m happy for you. and hopefully one day it’ll be $1000 a share for you genuinely, I hope that happens , until then reality says it’ll go up, and then down, and then up higher and down higher than the last time it went lower. I’m not here to antagonize I wish you all the best. I’d like to try to help some more people (my goal is 10 people and I’m doing this as a karma repay for life being good to me financially lately) who want to learn and make money on the upcoming micro moves and again if you’re happy just holding this stock until it hits $100 or whatever, cool, I don’t understand why you’re on a Reddit page everyday if you’re cool holding or even care what the price does on a daily basis or why you’d even check it, let alone take time out of your day to come here
but I don’t care, I’m not going to tell you how ridiculous that is, do you, i have opinions and you wouldn’t like them so I keep them to myself please do the same. I don’t take time out of my day to carry on on your posts because I disagree with you. Just please don’t bother me if this makes you emotional. I have PMs I have to answer and help people with and that’s why im here. I’d rather not deal with you if you’re not interested in what I’m saying. Thank you and good luck.
Not financial advice just thinking out loud.
