here is SHIFT TECHNOLOGIES INC 1 day chart.
so, keep in mind this is a 750 Million market cap stock (less than 1 Billion), and, as tradingview panel says, it has 3 employees.
going over it, analyzing the chart, this one looks kinda good. we have a golden cross, as MA 20 is crossing upwards MA 50, and the price is above it, but yet we have the newly formed MA 200 which is close to our price, forming a resistance for the price.
it did 0.618 retracement from the lowest price (as the fib show) and it bounced up on this support + the MA 20.
MACD and RSI are bullish, as the MACD is hitting for the 2nd time the 0 value bar, and the RSI is ABOVE 50.
now, MA 20 seems to keep it up, and the golden cross is a good sign, so it should be EXTREMELY BULLISH. tho, remember the MA 200, which could slow the trend or reverse it, or just go sideways till MA 50 reaches MA 200.
I would recommend buying this, but do not expose too much on this, as it is still an easy influence stock given its little market cap.
good entry point could be 9.00 and 8.90 if it dips.
if It doesn't dip, I would buy once it goes over the 0,236 fib's (that way, it already broke the resistance of this level)
last thing. keep this in the watchlist, if it goes over the MA 200, it could double its price very fast (maybe, after doing a little pullback on this dynamic support)
so, keep in mind this is a 750 Million market cap stock (less than 1 Billion), and, as tradingview panel says, it has 3 employees.
going over it, analyzing the chart, this one looks kinda good. we have a golden cross, as MA 20 is crossing upwards MA 50, and the price is above it, but yet we have the newly formed MA 200 which is close to our price, forming a resistance for the price.
it did 0.618 retracement from the lowest price (as the fib show) and it bounced up on this support + the MA 20.
MACD and RSI are bullish, as the MACD is hitting for the 2nd time the 0 value bar, and the RSI is ABOVE 50.
now, MA 20 seems to keep it up, and the golden cross is a good sign, so it should be EXTREMELY BULLISH. tho, remember the MA 200, which could slow the trend or reverse it, or just go sideways till MA 50 reaches MA 200.
I would recommend buying this, but do not expose too much on this, as it is still an easy influence stock given its little market cap.
good entry point could be 9.00 and 8.90 if it dips.
if It doesn't dip, I would buy once it goes over the 0,236 fib's (that way, it already broke the resistance of this level)
last thing. keep this in the watchlist, if it goes over the MA 200, it could double its price very fast (maybe, after doing a little pullback on this dynamic support)