We believe there are three or so likely scenarios for this penny stock, two of them are bullish now. Because the price is under a dollar, the volatility can be absolutely insane with these type of things. We are not committal, but relatively confident for a short term bullish scenario on this one, whether this is an upgoing zigzag, a new impulse or something...
This stock is shorted over 51% and has a free float of 57 million. I don't see a squeeze happening. Probably Shorts Selling buying back in and setting traps. Last Fri was a similar setup to today. Little rally EOD . SHORT LATTER ATTACK IN THE MORNING . Enter w caution . Large swings .
MetX short interest is slightly greater than its long. A few big buyers are affecting the stock. IMO they are shorting it and bringing the price down then setting bear traps with Volume.
We are correctign on some kind of an impulse on this one. We believe we are heading South over the next week or so here.
We are not in the business of getting every prediction right, no one ever does and that is not the aim of the game. The Fibonacci targets are highlighted in purple with invalidation in red. Fibonacci goals, it is prudent to suggest, are...
Based on Fundamental Analysis the idea is to go long.
Based on technical Analysis: Prices are moving sideways resting after a bearish trend.
Fundamental News:
LISHUI, China, Aug. 14, 2020 /PRNewswire/ -- Farmmi, Inc. ("Farmmi" or the "Company") (NASDAQ: FAMI), an agriculture products supplier in China, today announced its subsidiary Zhejiang Forest Food Co.,...
