LOOOOONG $VYGVF / potential x4 before EOY
Updated
Intro:
VYGVF is the OTC US stock of the Canadian VYGR stock.
Voyager is the biggest US crypto broker you've never heard of. Mobile-first, best execution, commission-free, etc. It has great fundamentals and a good market position.
They also have a lot of momentum, with an analyst report (Buy) and the acquisition of the retail business of Circle (Goldman Sachs) with Bloomberg features, etc.
TA:
MAC weekly about to switch bullish on a massive volume spike... after 4 months of accumulation => Obvious long in my book.
Not much resistance but real strong support in the low .20s
(<$0.21 would invalidate the idea).
FA:
So here's the thing. It may be a bit of a stretch and you could argue that it's an over-simplification, but:
Coinbase has about 13 millions accounts and is valued around 8Bn. That's about $615/ account.
According to Bloomberg, Voyager has 200,000 accounts (with the Circle acquisition). If we take $500/ account, that's 100M.
It's current valuation according to etrade: 24M at $0.31 a share.
That's the x4 potential - and coincidentally (or not) that matches perfectly the $0.31 to $1.26 of the chart...
Warning:
Books are thin, spread is often too wide for my taste, and it's a micro cap - so no point going too heavy (<50K imo) or flipflopping positions.
A good buy and hold - sell in a few months (late 2020 or early 2021) for a potential x4+
VYGVF is the OTC US stock of the Canadian VYGR stock.
Voyager is the biggest US crypto broker you've never heard of. Mobile-first, best execution, commission-free, etc. It has great fundamentals and a good market position.
They also have a lot of momentum, with an analyst report (Buy) and the acquisition of the retail business of Circle (Goldman Sachs) with Bloomberg features, etc.
TA:
MAC weekly about to switch bullish on a massive volume spike... after 4 months of accumulation => Obvious long in my book.
Not much resistance but real strong support in the low .20s
(<$0.21 would invalidate the idea).
FA:
So here's the thing. It may be a bit of a stretch and you could argue that it's an over-simplification, but:
Coinbase has about 13 millions accounts and is valued around 8Bn. That's about $615/ account.
According to Bloomberg, Voyager has 200,000 accounts (with the Circle acquisition). If we take $500/ account, that's 100M.
It's current valuation according to etrade: 24M at $0.31 a share.
That's the x4 potential - and coincidentally (or not) that matches perfectly the $0.31 to $1.26 of the chart...
Warning:
Books are thin, spread is often too wide for my taste, and it's a micro cap - so no point going too heavy (<50K imo) or flipflopping positions.
A good buy and hold - sell in a few months (late 2020 or early 2021) for a potential x4+
Trade active
OK. We tested support. This is a god tier entry in terms of R/R imo.Invalidation is "close" (Under $0.175 would be worrying)...
And target would mean x5+
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