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Home Depot. Towards Recognizing The Potental Of Step Up Chart Formations.

You have to be quick on the opening. It's a Tuesday. It's five day chart has a spike up formation. The last day on the above five day chart is today's trading action. Here now is it's one day trading chart as of the close on Tuesday. You had to buy in early, really early on the opening dip. So the stock closed Monday at $346.09 and on Tuesday sixty seconds into the mornings trading action (which was 9:31:00 a.m.) it was $344.31. Then at 9:32:00 one minute later it was at $343.80. That's an opening drop of $2.29. Now look at this one series of Call options. A low of $375.00 at 9:33 a.m. and a high of $750.00 at 9:56:00 a.m. This is a case of playing a "step-up" chart formation. It helped that the D.J.I.A was up 537 points on the day. Buying in on early morning dips on a stock with a"step-up" chart formation sometimes works.
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Options on Five Dollar Stocks Can Surprise! HSAI

I have talked about this stock before (Hesai Group) and this morning it suprised again. Back on May 17th I did a blog on it called "A New Company To Learn About". Now lets look at it's current five day chart leading up to this morning.
Look at yesterdays volume pour into it. Now this mornings early action. Another spike in volume on the opening.
What's all the excitement about this morning?
If you don't know this company here is what they do.
Now back to my May 17th blog. Where were the five series of Calls on it trading back then which expire in January 2025? Here is how this same series of Calls is trading now.
No one had any interest in them. The bid and ask where crazy far apart. The option makers were burdened by making option markets for a stock with not much of an option trading history. The worry aferall is that a stock like this could double or tank overnight on news. Any stock could but more often it happens in this price range. Why would I say this? Well stocks in the $5.00 range are not penny stocks and are not likely to drop to zero overnight. With good news and a story that is for real they can sometimes pleasantly suprise. Here they are now.
So what happened today on November 27Th. Here now is its current five day chart and todays action in the 5 series of Call options on them that expire on Dec24, 2024.
Thursday was Thanksgiving and the markets were closed. This particular series of Calls still have a month to go. Trading volumes on Friday, the day after are usually expected to be somewhat subdued. Here is what happened to HSAI
This kind of upward action can't last forever. Options on stocks in the 5 dollar range can suprise.

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