Looks like there is lot of support at the green line and the 20MA line. I'm just letting it ride until it no longer holds. I can see 20USD in March happening, maybe late February. They have a lot of stuff going on (i know vaguely description but i don't want to mention it all, just google ageagle aerial systems and press on the news button) and the market cap is still low. This is a keeper for me.
Comment:
It dropped because of some article that called UAVS a pump and dump. Let's see what happens tomorow. For those interested, i'm still holding.
Comment:
What a day. -36,41%, well shit happens sometimes. Don't know if you people know the company Enphase Energy. In june 2017 the company was trading at 0.60 USD. In May 2020 the stock hit 70 USD and there was a lot of insider selling:
The stock went down to 37 USD that's give or take -47%. In one year the stock had 3 corrections between 45 and 60% (1 because of covid). Now it is at 180 USD.
I know these are 2 different companies, but that doesn't mean that the same thing can't happen. I think a lot of people got played today, The market cap of this company is still low, so it's easier to manipulate its price. We found support at the daily 50 MA and at a previous double top (8.90 USD). There is a big chance we'll see 10-11 USD tomorow. I'm still holding because i pulled out my initial investment long ago. If we go below 6USD, then i'll start to worry.
So good luck to everyone!
I know these are 2 different companies, but that doesn't mean that the same thing can't happen. I think a lot of people got played today, The market cap of this company is still low, so it's easier to manipulate its price. We found support at the daily 50 MA and at a previous double top (8.90 USD). There is a big chance we'll see 10-11 USD tomorow. I'm still holding because i pulled out my initial investment long ago. If we go below 6USD, then i'll start to worry.
So good luck to everyone!
Comment:
My guess is that we'll be stuck between 7-10 USD for a couple of weeks.
Comment:
Comment:
See, image above. We are in a falling wedge and oversold on the hourly chart. We are not yet oversold on the daily chart. I hope that the orange line can hold. If not, we can see 6 or even 3 USD again.
I would not buy before the break out of the falling wedge. There is still some FUD on reddit, maybe this causes the stock to drop further. Don't really know. Anyway, still holding here.
I would not buy before the break out of the falling wedge. There is still some FUD on reddit, maybe this causes the stock to drop further. Don't really know. Anyway, still holding here.
Comment:
Let's go to 3 USD