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Juliac
Oct 19, 2022 1:35 PM

TOST - potential golden cross & inverse H&S 

Toast, Inc.NYSE

Description

Despite the volatility, TOST is still showing superior relative strength to the market, now trading 66% above it's June's low of $12.

A golden cross (50day MA crossing above it's 200day MA) might be happening soon, plus it is also trading close to the neckline of now a more apparent inverse Head & Shoulders Base.

Perhaps these are signs that earnings (expected on 3 Nov) could surprise to the upside. Let's see!

p/s still a very volatile market. trade at own risk.

Disclaimer: Just my 2 cents and not a trade advice. Kindly do your own due diligence and trade according to your own risk tolerance and don't forget that money management is important! Take care and Good Luck!
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