Feb. 12 at 10:50 AM
$FSM Technicals are screaming strength, but the air is getting thin. The daily chart just flashed a bullish hammer, and with RSI at 62.8 (still room to 70), a final push toward the upper Bollinger Band (~
$12.00) looks likely before the ER.
The Setup:
🔹 Sentiment: Massive Net Inflow (+
$6.1k) and Call/Put ratio of 20:1. Institutional "Big Money" is driving this.
🔹 GEX Profile: Huge Gamma wall at
$12.50 for Feb 20th. Expect a "magnet effect" leading into the numbers.
🔹 The Risk: Q4 ER on Feb 18th faces a tough YoY comp (
$265M est vs
$300M+ last year). Media might spin this "revenue drop" bearishly.
Strategy:
Too late for a safe Long. Watching for an RSI overshoot (>70) and BB touch near
$12.30 -
$12.50. That’s the "Kill Zone" for a Put entry once GEX starts unwinding post-ER.
Don't chase the green candles—wait for the exhaustion at the wall. 📉
A put at ~
$12.40 on 02/19 (after the conference call) seems to be the mathematically smartest setup, as you have the GEX resistance behind you.
