source avatarStaudinger

Share

$ASTS, $RKLB: Even though I think both of these could fall a bit more, I went ahead and closed my Sept. 11 CCs at ~75% profit after selling them last week. Both names are very oversold on a shorter timeframe, and both are nearly oversold (RSI <35) on the daily chart as well. I'm expecting at least one more reflexive bounce (maybe two) before we finally see bottom here sometime between late next week and the FOMC meeting in mid-Sept. Could be a great opportunity to sell additional CCs before picking up shares/calls for the post-election rip. GLTA and NFA...

Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information. Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.