FSR has formed the cup of the cup and handle pattern and is now starting the
downturn formation of the handle. Price action should continue down to the 50%
retracement of the uptrend of the cup. It should then reverse and trend upward
to twice the height of the cup/ AO /MACD / RSI confirm the downtrend.
I will target this with the $7.50 strike put options expiring 3/10 and then upon
hitting the full retracement close than position and open $8.50 call options
expiring 3/17. Overall, expecting 200-300% realized profit on the trades.
Not at all a surprise but LCID / Lucid has the same pattern and so a similar
idea.
downturn formation of the handle. Price action should continue down to the 50%
retracement of the uptrend of the cup. It should then reverse and trend upward
to twice the height of the cup/ AO /MACD / RSI confirm the downtrend.
I will target this with the $7.50 strike put options expiring 3/10 and then upon
hitting the full retracement close than position and open $8.50 call options
expiring 3/17. Overall, expecting 200-300% realized profit on the trades.
Not at all a surprise but LCID / Lucid has the same pattern and so a similar
idea.