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AwesomeAvani
Mar 4, 2024 5:18 AM

EXFY a fintech penny stock at 5% of the ATH LONG Long

NASDAQ:EXFY60
Expensify, Inc.NASDAQ

Description

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EXFY recently had an earnings beat and has bullish momentum. While on a sixty minute chart it

may appear to be overextended, in the context of an all-time-high of about $50 perhaps it

has as much as 20X upside. EXFY rose from the earnings beat and then retraced and reversed the

retracement. I see it as a long wing trade perhaps until the approach to the next earnings.

The volume and volatility indicators suggest bullish momentum is strong and may continue.

Trade active

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Price fell a bit today making for a better long entry for this stock with a high upside
potential.

Trade active

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Bought more and averaging down then waiting for the reversal- kind of like
C. Woods at ARKK.
EarningsVolumeVolatilitysxfysofiPYPLfintechstockspennystocksearningsplay
Comments
thisinvestorisnew
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is your trade still active Awsomeavani?
AwesomeAvani
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@thisinvestorisnew, Yes it is and I will add as soon as there is a pivot up which will not occur likely for another day or two given the general market conditions.
thisinvestorisnew
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thank you. since I always like your content, I will also be grateful if you can give some advice on Gitlab (GTLB). their earnings beat estimates. However, there was a huge dip and would to know why? if you have time, please please make a post. @awsomeavani
AwesomeAvani
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@thisinvestorisnew, I can do that. Basically it could be a dump then pump. Insiders have great earnings but give forward pessimistic guidance on their software business ( ? really when the AI supertrend is blooming) as a setup to drive shares down so they can then scoop up adds to their positions on the deep dive. finance.yahoo.com/news/why-gitlab-gtlb-shares-falling-191103069.html
finance.yahoo.com/video/gitlab-stock-drops-weak-full-150459528.html

this stock has 5% of shares held by insiders and 80% held by institutions primarily hedge funds. I am not implying that there is manipulation going on with this merely that is a possibility.

The stock is recovering in the after- hours and if I see move buying volume in the pre-market I will take a position on the retrace of the flush because I see it has high reward- as in a 15% return with a 3% stop loss
AwesomeAvani
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@thisinvestorisnew, see also the idea uploaded "
thisinvestorisnew
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@AwesomeAvani any update on this ticker?
thisinvestorisnew
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@thisinvestorisnew I'm still holding. avg price. 2:40
thisinvestorisnew
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@AwesomeAvani any update on this?
thisinvestorisnew
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I'm in. Just got ~5000 Shares
thisinvestorisnew
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is your trade still active?.
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