SFT - GREAT Buy Opportunity, IF ... !!!Hello! Friends,
-This would be a great Buy Opportunity, IF NASDAQ:SFT breaks up the Daily Resistance line at $7.97 (with a WHOLE DAILY Candle) !!
SFT
SFT looking bullishSFT has bullish divergence on BlueWave.
SFT is oversold on the stochastic RSI
SFT is also resting on the support line.
The market is very volatile right now, I would watch this stock on the side lines
SHIFT Technologies (SFT) DO NOT MISS IT This is a perfect time for a company like Shift to thrive. Yes, price action looks like shit BUT this is a growth long term play. Must have on your watchlist if you are not a buyer yet
SFT here is SHIFT TECHNOLOGIES INC 1 day chart.
so, keep in mind this is a 750 Million market cap stock (less than 1 Billion), and, as tradingview panel says, it has 3 employees.
going over it, analyzing the chart, this one looks kinda good. we have a golden cross, as MA 20 is crossing upwards MA 50, and the price is above it, but yet we have the newly formed MA 200 which is close to our price, forming a resistance for the price.
it did 0.618 retracement from the lowest price (as the fib show) and it bounced up on this support + the MA 20.
MACD and RSI are bullish, as the MACD is hitting for the 2nd time the 0 value bar, and the RSI is ABOVE 50.
now, MA 20 seems to keep it up, and the golden cross is a good sign, so it should be EXTREMELY BULLISH. tho, remember the MA 200, which could slow the trend or reverse it, or just go sideways till MA 50 reaches MA 200.
I would recommend buying this, but do not expose too much on this, as it is still an easy influence stock given its little market cap.
good entry point could be 9.00 and 8.90 if it dips.
if It doesn't dip, I would buy once it goes over the 0,236 fib's (that way, it already broke the resistance of this level)
last thing. keep this in the watchlist, if it goes over the MA 200, it could double its price very fast (maybe, after doing a little pullback on this dynamic support)
SFT the trend is selling, the volume is rising, so it is confirming the trend, plus we had a "pull up".
I do not consider SFT a good stock now, based on the chart.
I used the weekly chart since the daily was more confusing, as u can see here
anyway, I did not look into the fundamentals.
