This 20 usd per share area has acted as pretty good support. Grinding towards the downtrend from the start of the year. Long some at these levels and an add on any break doesnt look bad with momentum starting to shift the right way. Stops at 19.50ish.
But in this instance i think on a relative value basis, theres a bit more near term room for upside in the land of the rising sun. Retail Japan have been heavy buyers of US mutual funds and for good reason given the hefty outperformance. Earlier in the year BoJ announced that their ETF purchases would be more in TPX than NKY and given the Omicron overhang, I...
I honestly dont know. Ive never traded a meme stock inasmuch as this is even a meme stock at this point. Weekly chart - so my timeframe is a few days to be long for 5% or so. I like the cluster of sell signals that hasnt amounted to much. Momentum still to the downside but the big vlm spike and green candle at the close and ahead of the uptrend line has me...
An awful lot of "coincidences" on the yearly. Not going to lie, I was partially shaken out in yesterdays bloodbath, but im looking for this 127/128ish level to hold. For reference as this isnt on alot of peoples radars, stock was savaged after the company offered tepid guidance at their investor day. Looking three years out, still think SiC and Wolf have a bright...
Ive never heard of or watched this company before today and at a glance, my knee jerk reaction is to short this. HOWEVER, the pattern is a bit different here post earnings beats. We see the usual sharp rally, followed by a sell off but this one is much less shallow. Its tested obvious resistance at 12usd 5x. Watching to see if it whether it will break out or...
Posting this because I am lost, need help, and want to shout out Mr Mojo Risin`. Cant make heads or tails of what to do here. Suggestions/comments welcome.
This is an update to Tuesdays post. The stage is set: rounded bottom/cup is in place and handle is forming nicely. Its kinda/sorta important we launch from this 21usd level. As i write this futures are well bid and the "overhang" of 50m non dilutive PE/VC shares shouldnt really be tough for the market to absorb... I like it higher BUT if this pattern fails, I...
Just popped up on the screener and looks good. Sometimes simple is best... Clear break of trend and backtesting now. Momentum going the right way and earnings out of the way.
50m share secondary is all existing share holders. ADV roughly 25m per day. This will work its way through the market and find happy hands pretty quickly. Buy the dip as the rounding bottom takes shape.
