SQ - Back to pre-covid levels

3 בפבר׳ 2022

catching a falling sword only brings hurt...no reason whatsoever to bottom fish at this level...if 100 is taken out, next level is way down.

If you are a believer (aka LT investor) you might want to dip your toes a little. There is a good support at 100 and structurally, company is not worse than what it was pre-covid.

5 בפבר׳ 2022

עסקה פעילה

As expected, support is holding now. One possible path is inverse cup formation below 135-40 and capitulation to 80.

Regardless of how ugly the chart looks right now, I won't short this at this level....oversold rally is bound to happen and take this to 130 quickly, but that doesn't mean it is safe to be long either. Rug could get pulled from underneath any day. Wait for price to base and new, tradeble pattern to emerge.

10 בפבר׳ 2022

עסקה פעילה

My 130 relief rally thesis is still in-tact...pullback there and basing above 100 would set this up for long term reversal.

Still stupid to short this here/

28 בפבר׳ 2022

עסקה סגורה: היעד הושג

My target reached...base below 30 DMA and VWMA but above 115 would form a right inverse shoulder.