3 Trade Ideas - Super Bullish, Bullish and Bearish
A bit biased as I hold a few Call positions , but I see FSR breaking out of key resistance of $15 ~ $15.5 before meeting next key resistance level of around $18.~$18.3. I then see the few scenarios being
1) Super bullish (and wishful thinking by me a call holder) - Breaks $18 with volume, next $20+ I only see this possible due to RSI / MFI levels not yet over sold, although very unlikely
2) Most likely scenario IMO is the bullish - Breaks $15 key resistance but retests after resistance by 18ish line. $15 then becomes new support and $15/18 next channel until later breakout.
3) Bearish - rejected at the $15 and supports at $10
I really like the RSI and MFI levels currently and leads to me to lean towards at least PT of $18 , hence my Calls $15 Strike : )
1) Super bullish (and wishful thinking by me a call holder) - Breaks $18 with volume, next $20+ I only see this possible due to RSI / MFI levels not yet over sold, although very unlikely
2) Most likely scenario IMO is the bullish - Breaks $15 key resistance but retests after resistance by 18ish line. $15 then becomes new support and $15/18 next channel until later breakout.
3) Bearish - rejected at the $15 and supports at $10
I really like the RSI and MFI levels currently and leads to me to lean towards at least PT of $18 , hence my Calls $15 Strike : )
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