mukit1

RIOT: Staying on bearish side until bulls can prove me wrong

Short
NASDAQ:RIOT   Riot Platforms, Inc.
Staying with bearish count until price can break above $18.36. Since BTC is pumping, would expect some more gains for RIOT next week, but don't expect much at the moment. The earnings were good and company is doing a lot of right things to become the leading name in mining. There is an inverse head and shoulders patter forming. I have taken a small position at around $8.5 where I got a buy signal and taken some profit. I want to see another lower low to fill my bag properly. If I don't get my wish and if $7.8 was the final low (technically it could be), then I will look to buy the dips only after price moves above $18.36.

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