HOFV trade ideas
HOFV oversold at all time low Hall of Fame Resort will develop NFTs to give sports collectors and fans access to exclusive professional football content.
On 1/4/2022 Maxim Group Boosted the Price Target for HOFV from $5.00 to $6.00.
52 Week Range: 0.89 - 7.64
The stock was oversold close to a bullish divergence.
i see a buy opportunity to reach $2.3 short term.
$HOFV (REQUESTED ANALYSIS - I hold no position) @carsonusa5 ok… so the first thing that I see is that it has a nice, twice tested support and it looks like it bounced just a little bit above it… so three times tested support. So if you were to add that would be a great place. 3.00 or just a little bit above.
As long as it holds above 3.00 I can see this going up towards the next resistance level, which is at 4.70… It can go higher, but I would expect some resistance there.
That also seems to be supported by the 180 MA, but this is a new stock and there isn’t too much of an MA to work with, but still… that is a moving support that you might want to reference.
If for some crazy reason the market goes south (which I’m not anticipating, it’s just me always being cautious). Then the next support level is down at 1.75.
I’m a big fan of doubling positions (if possible) at support levels. That would be the place to double, for sure.
There is not a whole lot of support in between there, but if you need, I can add a few fib retracement levels if you want. I don’t feel like that’s necessary because of the strong support at 3.00
MacD and RSI look like they support an upward movement.
I have another indicator that I use that shows a buy signal today. It’s one I use a lot.
Over all it’s a nice chart… keep an eye out on the 3.00 level… if it stays above that then it should swing upwards. This is a nice chart. It has a lot going for it.
I hope this helps and I’m rooting for you 🙌🏼 GL
3rd breakout!!!I was waiting for this, perfect textbook scenario. We see breakout 1,2, 3 which confirms CUP and Handle.
This is the 3rd breakout. How far it can go? Perhaps above 5 bucks at this stage of time, finally...
VERY high volume yesterday, 31M vs. 12 M average. Again perfect textbook scenario.
what do I expect, consolidation for few days , then move uptrend again. Followed by FOMO.
Ultimate target, 12.
$HOFV a possible NFT play in the future?A former SPAC associated with the NFL is spiking on traders calling it a possible NFT play in the future.
is being circulated as a possible NFT play for investors. The company has a working relationship with the NFL in several areas and one Twitter account called the company the next NFT target play.
“Check this news the angle stands out clear as day,” the tweet read.
An article from NBC Sports was shared as part of the tweet that said the NFL is working on an NFT strategy.
The NFL has told teams they shouldn’t make their own NFT deals without checking with the league first. The article did not mention any names or call out Hall of Fame Resort & Entertainment.
“We are aware of the NFTs and working to understand them better,” a Hall of Fame Resorts spokesperson told Benzinga Friday.
NFTs, or non-fungible tokens, are a hot topic in 2021 and investors are looking for companies with exposure to the growing market.
The NFL could be looking to replicate the success of NBA Top Shot with its own NFT platform. Hall of Fame Resorts is a partner with the NFL but does not have experience in the blockchain market.
“We know that we have incredible content and are always looking at different ways to monetize our assets,” the Hall of Fame Resorts spokesperson told Benzinga.
Hall of Fame Resorts has a working relationship with the NFL. At this point, the company has no entry in the NFT market, so the rise in shares is based on speculation of a possible partnership.
www.benzinga.com
The 25 stocks weekly portfolio for February 22-26, 2021Although the last week for the first time my recommended portfolio underperformed and ended the week with -3.74 loss, so far I had 5 positive week out of 6 in 2021.( major indexes had 3 out of 6). Cumulative return of my recommended portfolios was 61.17% in the past 6 weeks.
This is my action plan for next week based on new sentiment in the market!
1- AAL
2- ABNB
3- ATI
4-BAC
5- C
6- DAL
7- DFS
8- GE
9- HOFV
10- HSTO
11- JPM
12- JWN
13- LYFT
14- M
15- OBLN
16- PLX
17- PROG
18- RKT
19- SABR
20- SAVE
21- SCHW
22- TRIP
23- UAL
24- USB
25- XM
I will provide real-time update during the week to maximize the return. For further information check the sign box below.
Please do your research before investing in any ideas.
HOFV - Bottom of Rising Channel + Grants moved upHi guys,
See the chart for analysis and buyin/Stops/Take Profit
Additional Info:
HOFV - Had suspicious purchases back on November 25th when the stock was at a $1.40. The stock is currently at $2.74 and they just had some more suspicious purchases. Not necessarily a causation for a surge in prices