This one is back at long-term support. Possible trading opportunity here. Watch for a rebound or breakdown.
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TechTrader : What is your two weeks forecast for this
SpyderCallOP TechTrader: Well, there is a big resistance at 8.00. Market makers are trying to keep it below this price. Once it gets above that, I can see it moving towards 10 bucks. Between 9 -10 dollars. I don't know about two weeks, but if we see volume piling in then it should get there quickly after breaking above 8.
Henry 123 : I think it's going to drop a bit recently
SpyderCallOP Henry 123: Possibly. If it does drop below that support, then I will think about converting my call into a credit spread. And I'll probably grap another short contract depending on how things look.