Stronghold Digital Mining, Inc. stock forum
SDIG been complete cluster fck of a miner. 200% range swings into massive nasty fakeouts. Like GREE this is another stock where management keep printing new shares dilutions non-stop. Marketcap been rising but price charts going in opposite direction into a new lower low.
Right now bouncing off nasty capitulation (spring?) move. Assuming this reclaim above 4.20 and hold from there ...it would look promising. Volume also seem to be building up which is positive point.
I think once it get out of this nasty range one first target could be around 20-22.
But we never know... these miners super addicted to stock printing.
SDIG 👀 looking 🔥 those volumes. This this is preparing to do a strong move. 🐮
SDIG a lot of new share being printed by management on top of a reverse stock split. While price is printing new lows the market-cap chart is still above the last higher low and lower lows.
Once Daily and Weekly trend show signs of strength I still believe this could be one of the highest RR in the Bitcoin Mining space.
Company has revenue bigger than it's marketsize. However net income with all excessive operational expense do need to start getting into the green.
The risk with this company is extended bear market where company can run into getting delisted from NASDAQ and possibly file for bankruptcy.
