"The stock has outperformed the market over the last50 trading days when compared to the S&P500. The MACD-LT, an intermediate term trend indicator, is bearish at this time. MARA's chart formation is showing signs of reversing its recent trend. If the stock closes below $8.23 a change in trend will be confirmed. Upside momentum, as measured by the 9-dayRSI indicator, remains positive. Over the last50 trading sessions, there has been more volume on down days than on up days, indicating that MARA is under distribution, which is a bearish condition. The stock is trading above a rising 50-day moving average. If MARA falls below this important support level it could trigger additional selling pressure. MARA is holding above a declining 200-day moving average.
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I closed the trade at $15 and wish for a pullback to $13
@KhanhC.Hoang, thanks! I am in a similar mindset but this thing is a beast lol
josericaurte.jaen
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Hej @KhanhC.Hoang, thanks for sharing your view on Marathon Digital Holdings. There are no doubts from the moment you have gargantuan institutions such as BlackRock and Fidelity in the race to get ETFs approval by the SEC. Have a productive business week. Let's go team MARA
KhanhC.Hoang
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@josericaurte.jaen, thank you for reading my note.