MARA Will go Bearish before Earnings
Updated
The bearish momentum of Mara stock is expected to continue at least until the earnings date. On the daily chart timeframe, from the last lower high to the higher low, using Fibonacci retracement, we can see the golden zone of the pullback extends from 0.50 to 0.68, suggesting that the downtrend may continue.
A second confirmation comes from the RSI, which is currently at 40, indicating that we are not yet in oversold territory.
It appears that Mara is on track to reach $14 before the earnings date on May 24th.
A second confirmation comes from the RSI, which is currently at 40, indicating that we are not yet in oversold territory.
It appears that Mara is on track to reach $14 before the earnings date on May 24th.
Note
MARA Earnings on May 9th
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