My Reasoning Behind My Madness For $MARA to $30 soon
MARA has been one of my favorite stocks for the past year and even before that. I have had honestly so much fun last year calling this from the bottom all the way up to our current high achieved this year. I look forward to all of you that have been so supportive and honestly friendly with my speculative analysis and hope you have all been along for this ride so far.
Welcome back cause this year is just getting started and MARA is more of a value play now than it was a month ago. The price of this stock still has not completely corrected to adjust for just how valuable this small-cap stock is. I am currently optimistic about hitting at least $40 this year with this stock. I know that eventually there will be some Market Fueled Cooldowns that seem ready to pop off at any minute in this crazy bubble we are in, but what this stock is telling me with indicators and research is that any downtrend seems to be followed by major bounces upward, which shows that this is being watched very heavily and that usually means that investors are waiting for proof. A $40 stock is only as good as the value they bring and ultimately the revenue they earn.
The next big hurdle that Marathon Patent Group will face is a new one for them. I don't think that anyone would have thought that MARA as a company could post an EPS above 0. Our current forecast seems to be that MARA will fall just short of my current goal and sit at $-0.03 EPS. This is not a number that most people will analyze, but for Company health and longevity, you must look internally and not just on the current stock price. Marathon Patent Group from what little information is given about Operations seems to be a very well put together a company with clear goals and ideas that will last a long time and seem to only be expanding with new purchases of Bitmain ASIC Miners and all kinds of new equipment. Out of the two main companies that are at the forefront of mining on the NYSE I would recommend buying 2 shares of MARA for every share you buy for RIOT. I agree that owning both companies is just as safe if not more in owning one, but MARA seems much more mature in their business approach as to not put all their money into one dealing and have diversified their Blockchain and Mining Portfolio at this point.
I was being very vague with my reasoning lately for being bullish on MARA and just wanted to clean up one of my charts to clearly show my ideas and analysis.
As always this is completely speculative and could be completely wrong. That's the fun of life, its unpredictability.
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Also the timeframe on this is not tomorrow. It will most likely happen over this week into the next.
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Seems like a bullish sign today with our flip over resistance, even if it was a small flip I believe this price pressure will bring entry to new highs.
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Massive Pressure forced us into a bearish flip for the time being.
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Strange thing here is that the sell volume is not that high to drive us to this price point of sub $19. I would look for some high volatility here
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Elon Musk will be our guide to Mt. Everest tn. Thanks for hopping back aboard the buy train and have a wonderful night.
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