The company seems to be growing at a nice topline clip of 70% but I feel one underlying issue is the recent issuance of shares to fund future investments. I feel the stock will take some hits due to the uncertainty created by raising close to 1 Bn $ in the last two quarters but if they can show operating profitability or continuing 50+% revenue growth in the...
Crude is has hit top of Andrew's pitchfork, likely to revert back to 53 before going up or down. Bollinger's is broadening to great time to trade.
Resistance and Support predict that GM will continue to move upward therefore a conservative Bollinger short should be right strategy for short term.
The stock will likely go up a little more due to momentum and come back to new moving average around 36. Conservative short would be to around 2% within a 10-14 days period.
SuperGroup seems to be about to breakout