Bullish Call: $170 Call at $5.30 on Robinhood, target price is $180 so it would be aproximetly a $11-13 option by the end of January 17th (+41D). The conditions are favorable with a Delta of 0.5902, an implied Volatility of 15.16%, and a Chance of Profit of 37.08%.
Stock Targets: 178 Target Profit, 170 Entry, 168 Stop Loss, it's a 2.58 Risk to reward ratio with a 7.65% Price Swing or 15% if PG overshoots to $190!
Chart Analysis: Bullish XABCD Chart pattern. Confirmed Bullish Breakout on the Regression Trend with a Bullish 3 Bars FVG.
Technical Indicators: Gabriel's Fractal TRAMA Dragon indicates a recent Bullish Reversal. There also is a Rising Buy Volume over the past 4 days with a Bullish Delta RSI 5 days ago, that is comfortably away from the Overbought condition. Next is the SMI-MFI Bullish KD% Crossover that was 6 days ago. Finally, there is my personal QQEMOD [+] with a Bullish Momentum (-3D), Divergence(-8D), and a DMI Reading of a Weak Uptrend (-2D).
Market Sentiment: Bullish on Daily Charts, Bullish on Weekly Charts, and Strong Bullish on Monthly Charts!!!
Volatility Conditions: Wide Squeeze on Daily Charts, Normal Squeeze on Weekly Charts, but there is a Fired Squeeze on the Monthly Charts. This means that the price might overshoot to $190-195, if both the Squeezes on the Daily and Weekly charts are fired as well.
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