On the above 8 day chart price action has corrected 96% since March 2021. A few reasons now exist for a bullish outlook.
1) Price action and RSI resistance breakouts.
2) Price action lands on legacy support. See monthly chart below.
3) Regular bullish divergence as measured over 40 days. Multiple oscillators now print positively against price action.
4) No share splits.
5) 12% short interest by retail.
5) 36% Owned by Institutions .
Source:
shortsqueeze.com/shortinterest/stock/VUZI.htm
6) The 50x possibility comes the bull flag price action is currently trading in. You’ll be glad you acted today should it confirm.
Is it possible price action continues correcting? Sure.
Is it probable? No.
Ww
Type: investment
Risk: 1-3%
Timeframe for long: Has corrected 96%!
Return: Read the idea
Stop loss: will say elsewhere
Monthly
1) Price action and RSI resistance breakouts.
2) Price action lands on legacy support. See monthly chart below.
3) Regular bullish divergence as measured over 40 days. Multiple oscillators now print positively against price action.
4) No share splits.
5) 12% short interest by retail.
5) 36% Owned by Institutions .
Source:
shortsqueeze.com/shortinterest/stock/VUZI.htm
6) The 50x possibility comes the bull flag price action is currently trading in. You’ll be glad you acted today should it confirm.
Is it possible price action continues correcting? Sure.
Is it probable? No.
Ww
Type: investment
Risk: 1-3%
Timeframe for long: Has corrected 96%!
Return: Read the idea
Stop loss: will say elsewhere
Monthly
Trade active
Take advantage of this day.Ignore the emotions.
Trade active
Did you take advantage of the dip?Note
On support... Note
Did you miss out on the QUBT trade? Get your FOMO on...
Note
6 days ago“Did you miss out on the QUBT trade?”
Ready for $10 next ?
Note
300%, more than half way to $10.Note
Close any swing trades going forward. Dips are long opportunities from here on.Look for a divergence or higher low on the 2 day chart as before. A buy signal has printed following the sell signal around $6, where a portion of my own position was closed out around that time, was a rapid rise.
2 day
The big picture is intact.
Note
Past resistance confirms support.Note
nudge nudge wink wink yadda yadda
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.