* cautious investment opportunity - low market capital *
4-years of price action resistance, a 99.96% correction, and now a higher low in price action following the oversold condition (orange column). So many reasons to be bullish on this stock. Let’s go through them.
1) As mentioned above, price action has broken out from 4 years of resistance. Following that breakout the bottoming candle is now offering support, which just so happens to be support on the previous price action resistance trend line.
2) Regular bullish divergence between price action and Stochastic RSI.
3) Volume - together with point (2) volume has been increasing = very bullish. Someone knows something I don’t.
4) No stock splits! It seems incredible a stock that was once traded for 3000 can now be bought today for 2.20.
A buy from 1.92 is amazing if you can get it.
1st target: 150 / yes 6000%
2nd target: 558 / 25,000%
Trade active
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MFI breaks out of resistance (circled in green) as price action confirms support.
Trade active
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On the 3-week chart below the bullish divergence between a number of oscillators and price action continues to grow.
I thought you a mad man, without but I checked back and you are right HEPA 3k+ / share in 2016... who would have thought... been a POS stock for a long time. Lets hope.
without_worries
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@CAPTAHAB2020, Insane isn't it? The chart is proving a very interesting picture, the break of price action resistance perhaps the most news worthy development of recent months. Be patient.
Putrid_Shittgenstein
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Nice pick! Good opportunity
muthumukil16
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Is it still a buy ?
without_worries
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@muthumukil16, Depends on your strategy. If you have room for a *cautious investment opportunity* - buy buy. If you can't afford to see downside, stay away. My approach is to cost average in every other week.
Truth be told, I've no idea where the bottom is, no one does. However the long term trend is clear, price actin resistance is broken. Furthermore price action is very oversold on the smaller time frames, 3-day and less. However for investment opportunities / stocks I stay away from those time frames to increase the probability of success in those ideas published, they are the result of hours and hours of study ;)
Bishal_Bhattarai
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Are you insane. Target of 150 dollar. What the hell is going on.
without_worries
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@Bishal_Bhattarai, Ha ha ;-) With a market capital less than <26M there's a lot of room for growth, and the facts of the chart tell us price has bottomed with a trend reversal.
The setup is remarkably similar to at stock in 2016. That stock was AMD. You could have bought for $1.70. Now I'm allegedly crying wolf for being short as price action touches $100.
Emotion is a money killer.
Read the comments, they are hilarious. Folks defending a profit to earnings ratio of almost 76 as of March 2021. Completely detached from reality.
xChainTrader
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Would you update it please?
neronicolo
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Any updates? It this still a hold? Thank you.
without_worries
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@neronicolo, Thanks for bringing it to my attention. I see past resistance as support appears to have failed. However this is a 10-day chart, we really need to wait until the end of the month to know for sure.
I'm still long, may add more to position, but please don't follow me blindly! I have to remind myself of the volume coming in and no shares splits. This is an easy long for myself, but I'm happy to sit on it for a year+. Others may have more pressing time constraints. Patience is everything.