SOS - sink or swim
SOS at an area of value here. Mr wonderful has talked this stock up big. But I cant say I trust a talking (bald)head. Load up with stop loss right below support and you have a very low risk trade. Or go short with stop loss above...It can either breakout or breakdown from this point of support. I'm honestly leaning more towards breakdown....Please let me know your thoughts!
I will be waiting for a few pieces of information to come in before making a decision on long/short. Namely, consolidation on the MACD to break (preferably a nice angle >20degrees or so), move off area of support, and a solid trendline that needs to break. If it checks off these boxes I'm going long.
Theres potential for a massive move soon as SOS historically does..Wait for that buy signal!
I will be waiting for a few pieces of information to come in before making a decision on long/short. Namely, consolidation on the MACD to break (preferably a nice angle >20degrees or so), move off area of support, and a solid trendline that needs to break. If it checks off these boxes I'm going long.
Theres potential for a massive move soon as SOS historically does..Wait for that buy signal!
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