From 5.50 to under 0.50 stock, would you buy ?
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Think about stock investment like America got Talent show. If a stock has good potential but lack coverage by analysts, institutional buyers, media coverage, etc, it would take some time for investors to take notice. The show or the analysts coverage, etc are the platform that sells the company, promote its USP to the millions of investors out there who have nothing but choices of companies to invest in.
Thus, someone who is able to analyse it and package it neatly in a compelling manner would help raise its profile. Not for MJ , at least for now.
Chart wise, though it has broken out of the descending wedge pattern formed in May 2019, clearly the buying power is weak and I forsee more sideway movement. The March 20 revenue data release might be a trigger or we need some positive news to drive up this stock.
I will revisit this chart again when it breaks out of 0.85 resistance level, so this goes to my watchlist for now.
Think about stock investment like America got Talent show. If a stock has good potential but lack coverage by analysts, institutional buyers, media coverage, etc, it would take some time for investors to take notice. The show or the analysts coverage, etc are the platform that sells the company, promote its USP to the millions of investors out there who have nothing but choices of companies to invest in.
Thus, someone who is able to analyse it and package it neatly in a compelling manner would help raise its profile. Not for MJ , at least for now.
Chart wise, though it has broken out of the descending wedge pattern formed in May 2019, clearly the buying power is weak and I forsee more sideway movement. The March 20 revenue data release might be a trigger or we need some positive news to drive up this stock.
I will revisit this chart again when it breaks out of 0.85 resistance level, so this goes to my watchlist for now.
Comment:
I am already vested in this company so no hurry to add more to my portfolio
