$HUT send it to $28-$30

12 thg 1

Updating timing from my last analysis on HUT.

Still think we get a monster move higher from here that happens over the next month. It did go lower than I expected, but I've been using the move down to accumulate even more calls.

As you can see from the chart, we've formed a large falling wedge, should it break to the upside we should see a big move higher.

My calls are stacked between 1/19, 1/26, 2/02 and 2/09 w/ most of the contracts expiring 1/26 and most are between $13-15 strikes.

My guess is that the full move should play out before the beginning of February.

Let's see.

16 thg 1

Ghi chú

Think we bottomed this morning at $9.34. Should be higher by EOW

16 thg 1

Ghi chú

Possibility of one more low tomorrow at $8.96, but still same idea that we bounce higher after.

17 thg 1

Ghi chú

After looking at the charts, I think we go higher in the early morning at which I'll likely sell out of some options. Then I think we likely fall from early morning-mid day through Friday to form a new low. Then higher next week.

If we get a big pop +$11, then I'll likely sell some options to sit in cash and see if I can get a lower entry.

17 thg 1

Ghi chú

I'm leaning towards new lows now. Maybe the pop higher comes tomorrow or Friday.

17 thg 1

Ghi chú

Okay, now it's looking like a bottom forming. 3 touches off the $9.37 level makes me lean towards higher.

17 thg 1

Ghi chú

I do think we'll likely see one more low. I took more calls today though w/ expiration of 2/16.

Tough to trade the small timeframes, I lean towards moving higher tomorrow.

18 thg 1

Ghi chú

We got that final low at $8.96, we should bounce from here on out.

18 thg 1

Ghi chú

Welp, clearly didn't anticipate it going that low, but this is the last support on my chart.

18 thg 1

Ghi chú

Update after reassessing the chart: