$Instacart, Inc. (Maplebear Inc.)(CART)$
My loss has shrunk from $6,000 to $2,000. Hoping for a price rebound to challenge the ATH.
Option trading demands a strong stomach for volatile price swings. Balance risk and reward by:
- Avoiding overly conservative exits
- Mitigating aggressive exposure
- Adopting disciplined strategies (position sizing, stop-loss)
- Starting small to absorb potential losses
Easy in theory, challenging in practice.
Instacart showed encouraging signs on September 25, 2024, recovering from early dips to finish higher. Technical analysis suggests:
- Support: $39.38 (intraday low)
- Resistance: $40.85 (intraday high) and $42.14 (September 20, 2024, peak)
Sustained buying pressure could propel the stock beyond $40.85, with a potential target at $42.14. A successful breakout above this level would validate the uptrend, while a reversal could lead to a brief consolidation.
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- sullivan_Rlo·09-26Hang in there1Report