This analysis focuses on a stock that has experienced significant volume accumulation in August 2022 and March 2023. Upcoming earnings could be a major catalyst for the stock, potentially triggering a breakout if the company reports a profit.
Volume Accumulation: The two distinct periods of high volume suggest institutional investor interest and potential buying pressure. This could be a sign of accumulation before a potential price move.
IPO Low as Resistance: The $20.57 level represents a significant hurdle, as it marks the lowest price the stock reached after its initial public offering. Breaking above this level could indicate a bullish reversal.
Earnings Catalyst: The upcoming earnings report presents a crucial opportunity for the company to demonstrate its financial health and growth potential. A positive earnings surprise, particularly reporting a profit, could trigger a significant price increase.
**Disclaimer:** I am not a financial advisor and this is not financial advice. Please do your own research before making any investment decisions.
Trade active
⋅
I will be paying attention today, specially in the option market since earning report is on Monday, still $20.57 is the level to watch forme.
Trade closed manually
⋅
Didn't act as expected , will take a loss on this one and move one.
Please tell me when this surprise is gonna happen 🙏🏼
gusanito
⋅
@alisalek, if you are holding you will need to be patience still within the range I had... on earnings didn't move as expected and I close it as a loss.