Apr. 25 at 12:35 PM
$MXL Time to start looking for the exits, and loading up on puts, in my humble opinion. What I'm looking at:
• It is currently 500% above it's 10-week stock average.Companies are considered 'overbought' above 150%. 500% is meme level.
• RSI is currently just over 97.
$CAR hit 99 before it's stock price subsequently fell 80% in 3 days. We don't see things that high except for market squeezes. Squeezes always fail.
• It's 250% higher than it's 200DMA. Things get absolutely crazy with stocks when they get above 100%. At 250% it is a parabolic blow-off level.
At these levels, it's too enticing not to buy puts, and when enough people do that, it literally forces the stock to fall
