Momentum indicators have given a slight hint of favoring the upside. A 3D long Squeeze is significant as a ready gas tank to move the stock, mostly upwards.
We do need to remind ourselves though the stock has moved from 1800 to currently 3170 in one major move, a significant feat that may not be repeated anytime soon, hence the target for the upside is modest of 3500 ish. Not a huge % move but for options buyers, it is a Giga # to profit from, if positioned right and with the help of God. Peace and Love to the world.
One other note is that valuation is irrelevant in today's world, where stocks are moved by internet herds with powerful buying force collectively and an exatraged self-fulfilling cycle once the buying or selling begins.
We do need to remind ourselves though the stock has moved from 1800 to currently 3170 in one major move, a significant feat that may not be repeated anytime soon, hence the target for the upside is modest of 3500 ish. Not a huge % move but for options buyers, it is a Giga # to profit from, if positioned right and with the help of God. Peace and Love to the world.
One other note is that valuation is irrelevant in today's world, where stocks are moved by internet herds with powerful buying force collectively and an exatraged self-fulfilling cycle once the buying or selling begins.