Jun. 3 at 7:56 PM
$OWL Back just to drop a tip.
Look for entry at 9.24 and under. Starting to form a W, bit mishapen on the middle peak so I would personally wait for a break lower than 9.24 to find entry. But for longer term, 9.24 is a decent start for accumulation. Just under 9.24, 9.10 and 8.50 are your next levels of support.
You're also at the lower line of an ascending channel, with the recent rejection of the 4hr MA 200, the daily MA 100, and the 10.45 critical resistance. If it respects the channel than you can take a trade here and your RR is 9.24SL 11.04TP, that's like 1:4, pretty decent setup.
Your battle is at 10.45. If you're buying options here, anything above 10 strike is a waste of money and time, you are much safer trying to make gains off of shares for 5-10%, liquidity and spread on options is garbage anyway without impeccable timing.
If anyone wants help looking at technicals for this stock just ask.
