Promising Set-UP
Technically Nothing has shown any sign the price is going Higher yet. But It is showing oversold.
Historically - this stock bounces up when the RSI hits an oversold level. It always comes back to Re-test 0 RSI level. The major companies with good financials usually follow the technical indicators.
Financials on the stock are stable. The Net Income on the stock is dropping each quarter in 2021. Annually the stock will have Net income over 20 billion, Crushing the previous years annual net income.
This Stock has been in long ass short squeeze. Everything is showing its at low the end of the squeeze and will come back to retest 70 $ range.
I'm Waiting and see if it dips into the 63 - 65$ range on Monday or Tuesday and if any lower timeframes show a turnaround.
Historically - this stock bounces up when the RSI hits an oversold level. It always comes back to Re-test 0 RSI level. The major companies with good financials usually follow the technical indicators.
Financials on the stock are stable. The Net Income on the stock is dropping each quarter in 2021. Annually the stock will have Net income over 20 billion, Crushing the previous years annual net income.
This Stock has been in long ass short squeeze. Everything is showing its at low the end of the squeeze and will come back to retest 70 $ range.
I'm Waiting and see if it dips into the 63 - 65$ range on Monday or Tuesday and if any lower timeframes show a turnaround.
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