This stock is currently high on volume with a lot of eyes on it. It is currently also at a psychological price point of $2.00 and ending the weekend on a daily high at $2.00. It is sitting right at a resistance point of $2.00, which it has faced previously back in February/March 2018 and then again in November 2020. If it can push through the resistance, this could shoot up quickly! The next point of resistance will come at $2.20 if it can shoot past $2.00. On its last upswing, it took about a month to do this. It also took about 3-4 weeks to make a big move past $2.40.
This stock, depending on news and momentum could ride this to $3.00 where it will encounter its next psychological resistance point and if it can continue its momentum from there, it could ride it to all time highs at $3.45.
I would bet long on this stock and if it pops off, set a stop loss at $1.95. This should be an entertaining stock with alot of action over the short term, so worth investing in. I would also set a stop loss at $1.70 (15% loss) just in case news flips quick, as it was in a down run until January 5th. Definitely worth investing in for the upside.
This stock, depending on news and momentum could ride this to $3.00 where it will encounter its next psychological resistance point and if it can continue its momentum from there, it could ride it to all time highs at $3.45.
I would bet long on this stock and if it pops off, set a stop loss at $1.95. This should be an entertaining stock with alot of action over the short term, so worth investing in. I would also set a stop loss at $1.70 (15% loss) just in case news flips quick, as it was in a down run until January 5th. Definitely worth investing in for the upside.