Comments on: FIG Figma Swing Trade Idea 5-8-26

By: SPYderman

SPYderman — Fri, 15 May 2026 13:53:31 +0000

In reply to Jap0744.

Looks like we got the BOD breakout today. Nice one Des!

By: Jap0744

Jap0744 — Mon, 11 May 2026 21:09:39 +0000

In reply to rsotc.

Makes sense thank u

By: Jap0744

Jap0744 — Mon, 11 May 2026 21:09:24 +0000

In reply to SPYderman.

Thank u

By: reloaded

reloaded — Mon, 11 May 2026 17:24:40 +0000

@randy can you update long term trade ideas

By: rsotc

rsotc — Mon, 11 May 2026 15:09:25 +0000

In reply to Jap0744.

@SPYderman was correct (thx!). If a stock has one or more fairly obvious resistance levels in close proximity, best to wait for the upper-most resistance level to get taken out, as some traders will buy the breakout above the first one (the downtrend line, in the case of FIG) only to see the sellers step in & sell the small rally up to the next overhead resistance level.

Some traders are big trading off on trendlines, others on horizontal price & support levels, & some like trading off moving averages. In the case of FIG, the stock has a confluence of triple resistance: The downtrend line (which forms the top of the bullish falling wedge pattern, the 21.50 price resistance just above it, & the 50-day EMA (yellow line on my chart above).

By: SPYderman

SPYderman — Mon, 11 May 2026 13:00:41 +0000

In reply to Jap0744.

BOD = benefit of the doubt, which is usually a secondary level (or trendline) to consider. i.e. it broke the downtrend line, but the next level to confirm the break out would be the “BOD level” which is horizontal resistance at 21.50

By: Jap0744

Jap0744 — Sun, 10 May 2026 15:24:01 +0000

In reply to Des.

What does bod mean ?

By: Des

Des — Fri, 08 May 2026 20:13:26 +0000

Thanks for the props! Been following it for a while. Their earnings are coming up on the 14th. Could be a mixed bag with Ai mentions, but the short interest is extremely high + the set up could cause a fairly nice breakout.