Jun. 3 at 3:23 AM
🧭
$CORZ · Daily · 06.02.26
Up ~100% off the April low. Now tagging premium at
$30.46 — the weak high, the top of the range. Price is extended, not broken. There's a difference.
Where I read it:
RSI at 67, stretched after a vertical run. Not a top call — a name that's earned a rest. Rising price on rising volume says the trend is intact, but moves like this don't go straight up forever.
What I'd watch for:
A healthy retrace into the discount, where smart money hedges the highs with puts and longs reload at a better price. My Fib ladder marks the zone:
$28.53 (0.886) — shallow pullback, trend stays strong.
$26.84 /
$25.42 — the pocket I'd want to see hold.
$24.00 / equilibrium ~
$22 — deep discount, the trend's last stand.
That retrace zone is my re-entry map, not a short signal. I don't fade strength. I wait for the pullback to come to the level.
No position. Watching premium reject or hold.
Process over prediction. Risk-first, always.
NFA.
#wavervanir #volanx #quant #algorithmictrading #optionsflow
