Options market suggesting a +/- 6 to 7% earnings move and historically, you can expect a price range of -19% to +30% for the seven following trading days!!
The charts:
Key price zones: (see weekly line chart attached) longer term support 155 to 135 USD (big volume 130 to 140) needs to hold to stay bullish. Head & Shoulders bearish pattern still has about 100 USD downside left to play!
Targets & Risk Management (See also Renko chart attached)....
Overall opinion - Neutral
Bullish upsides: T1: 229, T2: 270, T3: 300
Bearish Downsides: T1 175 T2 110 T3: 85
Stops: Bullish 171, Bearish 200
If you’d like to find out more about what I do, you can get in touch with me via:
Email: info@thestophunter.co.uk
Website: www.thestophunter.co.uk
YouTube: thestophunter
Visit my YouTube channel for loads of free educational content / courses / tips / analysis /ideas via TIGER: THE STOP HUNTER Intro Post & Links (Links to YouTube at bottom of post)
Best of luck with the trading,
Regards
Stephen
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
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