Is FFIE running to earnings early ? Maybe yes. LONG

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FFIE is a penny stock of interest as it is also in the EV sector. Earnings are coming. In the past

two days it jumped 82%. The stock is trading 99.9% ( no exaggeration ) down from its all-time

high. On the 15-minute chart, price has jumped above its EMA cloud which inflected upward.

A massive volume inflow peaked the price action in keeping with Wychoff's theory. 42 million

shares traded yesterday morning. The EMA cloud settings are periods are 14/56/140 ( long story

multiples of 7). The slow and fast RSI lines had a golden cross of fast over slow and

both over the 50 are quite demonstrative of bullish momentum. ( settings 3 hrs and 1

week). I will play this long until earnings- adding 100 to 1000 shares per day at the low

of the day on a 5-15 minute chart. I will also look at the options chain for March 15th.

Given that WKHS did the same thing and reports the same time, something behind the

stage curtains is underway. Penny stocks are always risky. My analysis has the risk diminished

here.
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FFIE was a good call option trade on Friday going 4X from the shares LOD to the high.

barchart.com/stocks/quotes/FFIE/options?expiration=2024-03-15-m&view=stacked_ohl

Price is now sitting on the first upper VWAP band and could make a move to the
Friday HOD on Tuesday. I will reenter the Strike $ 0.50 for 3/15 using profits from the Friday trade to compound for more.

barchart.com/stocks/quotes/FFIE/options?expiration=2024-03-15-m&view=stacked_ohl
Ghi chú
Current zoom-in of the chart

ảnh chụp nhanh
Ghi chú
Actually FFIE is at the mean VWAP not the upper so even better and RSI just under the to level. This is a good end of the week pullback from which to go long I think.
A fellow trader viwed an EV Sector TEF EVAV and it seems that the sector in general
is gaining some strength and momentum.
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FFIE with a significant pullback on a downmarket day. Considering a contrarian long
position depending on the after-hours price action.
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Feeler small position in early after-hours while awaiting a trend with an ADX+ > 20.

ảnh chụp nhanh
Ghi chú
ADX signal cross green over red suggests an entry in the after-hours. Position open.

ảnh chụp nhanh
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See also a tutoral chart for a mentee ảnh chụp nhanh
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Nice pump today got a 20% move up since yesterday. 25% of the position closed.
Watching for the backside move. May take a put option entry at the end of this
market session.

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ảnh chụp nhanh
evstocksfastrsiFFIEMoving AveragesnklaOscillatorspennystockspreearningsplayrun2earningsVolumeWKHS

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