This is being posted in addition to my weekly chart so its easier to see. Original weekly chart can be found in "related ideas" underneath this description.
Expect the next 2 weeks to be extremely volatile due to several upcoming events:
Earnings Release: June 11th
Annual General Meeting: June 13th
Contract Expiry: Over 140,000 call contracts expiring on June 21st
Price Prediction
Short-term Decline: The price may fall further to between $25.25 and $23.07 to fill the gap created on June 3rd, represented by the blue demand zone.
Upside Potential: Following this, I expect a price run-up past $67.50 and $80 due to the exhaustion of selling orders over the past 4 weeks. Watch for a test of the all-time high (ATH) of $127.01.
Cheers!
Expect the next 2 weeks to be extremely volatile due to several upcoming events:
Earnings Release: June 11th
Annual General Meeting: June 13th
Contract Expiry: Over 140,000 call contracts expiring on June 21st
Price Prediction
Short-term Decline: The price may fall further to between $25.25 and $23.07 to fill the gap created on June 3rd, represented by the blue demand zone.
Upside Potential: Following this, I expect a price run-up past $67.50 and $80 due to the exhaustion of selling orders over the past 4 weeks. Watch for a test of the all-time high (ATH) of $127.01.
Cheers!
If anyone is buying in, now is a good time!