BARK a dog supply speciality stock Reverses LONG

BARK is the stock of a relatively young company.It is now growing

and has had positive earnings The chart shows a reversal from the

prior downtrend which started with a double top in January.

The order block indicator shows a base of buy order blocks forming the support.

Upside is 45% to the resistance of the double top and the sell order

blocks. The anchored VWAP shows that price was supported by

the line of two standard deviations below VWAP in the deep

undervalued zone. However, with the reversal, price is now targeting

the VWAP itself which also could be an initial target for trade.

Fundamentally, no matter whether a recession is impending, people will care

for their dogs and sales should not suffer. If anything, people will seek

value deals compared with brick-and-mortar sources. Not a coincidence

but another dog-related stock WOOF is on an uptrend as well.

As a penny stock, this is a risky long trade however I also see the

reward potential. The call options for expiration on 5/19 are

priced at about $10 per contract making them very affordable

way to leverage the trade.

see also the stock analyst report linked here
Trade active:
Call options are up 400% today ! Taking off 5 out of 100 of them to take a small partial profit.

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