BTHR shares are testing key Fibonacci Support, which is in play in the $0.30-0.40 area. The stock is already trading on a tiny float (<1M shares according to OTCmarkets.com). Hence, any fresh bidding can flip this into a squeeze extremely easily.
In addition, a quick glance across the oscillators will show any number of bullish divergences. We have highlighted the MACD histogram bullish divergence here. We can see a similar dynamic in 14-day RSI.
The point with that signal is this: the character of the selling into the June lows was unsustainably sharp and directional, and cut too deep to have implications over the larger timeframe. It exhausted all willing weak hands very quickly, leading to oscillator readings that show it was more “oversold” than during prior pullbacks at much lower levels.
That is generally the type of thing you see in continued upward trends in our experience.
Key Points:
• BTHR is approaching major catalysts as it commercializes operations in the multibillion dollar eSports and Youth Sports markets from a disruptive integrated model
• BTHR has a float of less than 1 million shares, suggesting that any new influx of buying interest could propel the stock abruptly and significantly higher
• BTHR has recently announced that it is stepping up its Shadow Gaming tournament schedule and will begin monetizing the business, leading to initial revenue growth prints ahead
• BTHR is coming off a well-defined basing process that suggests smart-money accumulation over the past months following a bullish MACD divergence at key fib support
Sports Venues of Florida Inc. (OTCMKTS:BTHR) has a strong model, including a diversified strategic approach to multiple multibillion dollar markets, and has demonstrated a facility for both organic and M&A-driven growth potential within the past year. The tight float underlying the stock suggests any positive catalysts will have the potential to dramatically impact share pricing based on mechanical supply/demand factors in the share market.
In addition, it has strongly aligned itself with the powerhouse eSports marketplace, where the pace of growth has only surged further in response to the COVID-19 pandemic as virtual competition has obvious safety advantages to real sports matches of any kind. However, even before the rise of the health crisis, the global eSports market was already a juggernaut.
Shadow Gaming, the company’s wholly-owned subsidiary, is already ramping up quickly as an emerging market leader in the making, with a huge run of tournaments set to pick up steam in July, August, and September, establishing it as a go-to force in the eSports market. That, along with the establishment of initial topline growth, may serve as strong catalysts in the weeks and months ahead.
The technicals largely line up with this view, by our read.
In addition, a quick glance across the oscillators will show any number of bullish divergences. We have highlighted the MACD histogram bullish divergence here. We can see a similar dynamic in 14-day RSI.
The point with that signal is this: the character of the selling into the June lows was unsustainably sharp and directional, and cut too deep to have implications over the larger timeframe. It exhausted all willing weak hands very quickly, leading to oscillator readings that show it was more “oversold” than during prior pullbacks at much lower levels.
That is generally the type of thing you see in continued upward trends in our experience.
Key Points:
• BTHR is approaching major catalysts as it commercializes operations in the multibillion dollar eSports and Youth Sports markets from a disruptive integrated model
• BTHR has a float of less than 1 million shares, suggesting that any new influx of buying interest could propel the stock abruptly and significantly higher
• BTHR has recently announced that it is stepping up its Shadow Gaming tournament schedule and will begin monetizing the business, leading to initial revenue growth prints ahead
• BTHR is coming off a well-defined basing process that suggests smart-money accumulation over the past months following a bullish MACD divergence at key fib support
Sports Venues of Florida Inc. (OTCMKTS:BTHR) has a strong model, including a diversified strategic approach to multiple multibillion dollar markets, and has demonstrated a facility for both organic and M&A-driven growth potential within the past year. The tight float underlying the stock suggests any positive catalysts will have the potential to dramatically impact share pricing based on mechanical supply/demand factors in the share market.
In addition, it has strongly aligned itself with the powerhouse eSports marketplace, where the pace of growth has only surged further in response to the COVID-19 pandemic as virtual competition has obvious safety advantages to real sports matches of any kind. However, even before the rise of the health crisis, the global eSports market was already a juggernaut.
Shadow Gaming, the company’s wholly-owned subsidiary, is already ramping up quickly as an emerging market leader in the making, with a huge run of tournaments set to pick up steam in July, August, and September, establishing it as a go-to force in the eSports market. That, along with the establishment of initial topline growth, may serve as strong catalysts in the weeks and months ahead.
The technicals largely line up with this view, by our read.