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RizeSenpai
Jan 20, 2022 9:07 PM

Matterport Going Down to Zero in the Coming Weeks Short

Matterport, Inc.NASDAQ

Description

Ok so Zero is a bit of an exaggeration but it is on track to breaking down to a minimum of 4 dollars and 77 cents (aka the 1.618 Fibonacci extension) if it breaks the support of $10.50 and the likelihood of support holding here is very small.

I would stay far away from buying this stock as it's just not worth it to me.

Trade closed: target reached

Comments
decimalShark
I agree, it’s a good company with good tech. I personally use it at my work, but the price it listed at was beyond insane, $2 - $4 is more suitable, then hope for Apple or Google to buy them over. Also competition in this space is growing rapidly.
RizeSenpai
@decimalShark, It's nearing some interesting levels where i would think to buy but MTTR has negative earnings so i'd be careful for now.
bitcorns-trader
Wow I totally agree. What a piece of trash stock
RizeSenpai
@bitcorns-trader, Yep just a big hype stock xD
BlackHawk789
@bitcorns-trader target $15.00
jojob
@BlackHawk789, i am actually buying on the dip..see you at $15.00........
BlackHawk789
Target $14.00
bitcorns-trader
@BlackHawk789, hahah want to go lower again?
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