Waitr currently has a very similar setup to what it had earlier in the year, when it already started spiking but volume didn't spike super hard yet, but right when it hit support volume spiked super hard and the stock went significantly into the overbought.
I think that it is possible that today it will come down to $3.5 or so maybe $3.4, but then have a real strong rally to the upside over the next month. But for this to happen I think we need rumors of a merger again, so this is definitely not a guarantee.
Thoughts?
I think that it is possible that today it will come down to $3.5 or so maybe $3.4, but then have a real strong rally to the upside over the next month. But for this to happen I think we need rumors of a merger again, so this is definitely not a guarantee.
Thoughts?