$Ondas Holdings Inc.(ONDS)$ There is strong resistance at the 50 day EMA and the $8 area. Two ways to play this short term. Just know with a high degree of certainty that we do NOT close above the 50 day EMA. Why? Call options for starters, round number, RSI overbought on the 30 minute and lower. So what are the trades?
1. Sell at, just below, or just above the 50 day EMA at tomorrow's price, around $7.97.
2. Wait until it gets a bit higher, and I don't mean $7.99, I mean around $8.39 or the EM, expected moving options line.
Look, the RSI is overbought and can still go higher, so $7.97 or up to $8.39? RSI below.
Decision time. I am a long term holder but I trade when given the chance. When I trade I don't trade for a few hundred bucks but thousands, so what I do needs to be sure. This pivots down so I buy at least the same amount of shares or more. I have added on each trade so far. The risk is this being a failed trade, I make money and the stock runs away, hence banked shares I don't trade. Also I agree it seems to trade with SPCX.
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