Bullish $SOLO

٢٢ ديسمبر ٢٠٢٠

Another EV stock.. A lot smaller and younger than TSLA.
Bullish flag, waiting for volume increase on daily chart or moving average crossover for entry to buy stock. Possible buy and hold due to current market's sentiment on EV stocks.
While waiting... Short put vertical 6/5 for 01/15 expiry.

٤ يناير ٢٠٢١

تم فتح الصفقة

No stock trade active on this one because MA crossover was not achieved and slight spike on volume did not meet rules (which needed to be at least the same size bar above MA as previous day volume bar)
Current short put vertical is -$15 per contract at this moment. Since the expiry is still about two weeks away there is a high probability that at least one contract may need to be exercised. $6 mark is looking to be a support level and price still has not violated it. So, put assignment may be good for stock entry.

Side note: This is when people get in trouble when they don't have a set of rules that they follow. On a shorter TF price is showing a descending triangle with lower highs and equal lows. Technically speaking a descending triangle is a bearish pattern. This is why you need to know your rules and your exits. Anticipate your opponent (I mean market.. that just sound better) and be prepared for other possible outcomes.