GOEV - Another One For The Rekt Bucket
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After some Walmart hype that pumped GOEV it now looks ready to come back down and continue the bear market.
Fell blow 20MA and now the more important 50MA + a big gap down from the hype pump.
This is an easy short BUT because it is low in trend it is imo for defined risk only and so I have bought ATM Jan 2023 puts. Not LEAP because I think there will be a significant selling climax sooner and so no need to overload the extrinsic cost.
It may re-test the 20MA - who knows but this should be an easy short I think.
Not advice.
Fell blow 20MA and now the more important 50MA + a big gap down from the hype pump.
This is an easy short BUT because it is low in trend it is imo for defined risk only and so I have bought ATM Jan 2023 puts. Not LEAP because I think there will be a significant selling climax sooner and so no need to overload the extrinsic cost.
It may re-test the 20MA - who knows but this should be an easy short I think.
Not advice.
Note
Great start here, going very well 😸.Note
This one worked well.
We're into the post FED interest rate cut blow off phase for risk on markets🥳.
I have many great deep value opportunities ❕
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I have many great deep value opportunities ❕
Many Trade Ideas Every Day 📈
Regular videos ✨.
Telegram Group: $50 per month 👍🏻.
Contact: t.me/dRends35
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