Sentiment is bearish and price is going down however, support at 9.54 might be where this stock bounces. If it follows the last support bounce at 9.54 and breaks through the downward channel stock could go to around 11.29 or to previous higher resistance at 13.08.
The PEAD projected a Bearish outlook for $OWL after a Negative Under reaction following its earnings release placing the stock in drift D.
I will be targeting the 1.618 Fib Extension on this one and Buying the Quarterly and Yearly Puts at the 10 dollar strike.
A triangle or Double bottom can be seen to be formed. Always do due diligence.
I bought this because the effort of todays candle does not match the result , we have a volume anomaly and I think that OWL is being manipulated today by smart money, pushing the share price on low volume so they can add. On the 5 min chart we can see stopping volume come in and selling absorbed on the following candles which coincides with the 10 EMA as...