Hello, everyone! We're seeing promising signals for $ROOT. If its price maintains above our key monthly indicator, we anticipate an uptrend. A very bullish trend will be confirmed when the daily indicator rises above the monthly one. Should this happen, we'll be on the lookout for the weekly indicator to follow suit. Our first price target (PT) is set at $76,...
ROOT is an app-based insurance company offering home, auto, and renters’ insurance in all 50 states. With a market capitalization of just $156MM, it is below the small-cap threshold making this a micro-cap stock. In other words, it's small. But it wasn’t always. The company was worth roughly $6 billion when it IPO’d in 2020 - roughly 400X larger than its current...
I've taken this trade with commons only. Got some at $4.80. Earnings may trigger 20% up/down. Take the trade if trend line is broken. I am planning to cut the trade after earnings. #DYOR ~CHEERS
With Root's past performance, it is clearly in the bear trend. It is normal to assume Root's ER gap down.
Look at that chart! Isn`t it beautiful? ROOT, Root Inc. Cl A has the highest amount of FLOAT SHORTED in the market right now: 46.48% The Average Volume is high, 8,099,037usd. This should be a short squeeze candidate. My price target is the 6.63usd resistance short term and 12.8usd in case of a short squeeze. I look forward to read your opinion about it.
NASDAQ:ROOT It looks bullish , I expect sideways and then bounce up to hit the targets TP1: 6 TP2: 6.5 Call options 12/17/2021 Strike 5$ Timeframe 2 weeks *This is my idea and could be wrong 100%
1. Indicators: RSI, MACD, and KDJ is well setup for a run. 2. Price and Volume just looks like the hulk wanna break out. HOWEVER 1. financially pessimistic numbers and weak earning power 2. the past price performance is with doubt it will ever perform 3. the general "BIG TREND" is a downtrend, the consolidation started Aug 13 might just be a correction of the...
August 2021, was one of the best months for me. While Major indexes (NASDAQ, S&P 500, Dow Jones, Russell 2000) gained between 1.5-4 %, I had 8 analyses with a 10-73% gain in one month, those which hit stop loss made 1- 4% loss..! I also trade BABA option twice and close them with +180 and 100% profits..! and had 2 unsuccessfull trade with -30% loss (use 3% of my...
Another one of those good story shitty results company. See previous post why I went short No reason for this to bounce. Rode a few waves, puts closed (a few weeks ago), out and never coming back to it again.
Retail investing subreddit r/WallStreetBets has spun the short-squeeze-stock wheel this morning and it appears the arrow is landing on ROOT. The company is exploding on the subreddit in terms of comments, and the stock is moving in massive quantities. Some are making their exit as ROOT stock sees a boom and bust this morning, whereas others are buying in and...
It is easy to talk about it when it is ranked 2nd mentioned ticker on WSB, but it is not easy to talk about it 18 days before it happens..! You must study WSB strategies very well to discover these hidden patterns! ROOT is one of the most shorted assets in the market: short interest: 21.96%, and recently this is increased 205 from 15.8M shares to 19.08M...
The weekly RSI has been contradicting price trend 2-3 times... now has reached all time low with huge volume.
Root - another runner I was all over and as time passes and more info shows up - seems like its set up to fail. Did anyone drive during the pandemic? - No! Most insurance rates went down....less driving = less accidents = more profit for insurance companies. Root on the other hand managed to spike their rates 20-30%. Guaranteed to loose customer. Current price...
Just going to buy a few shares and some lotto calls on this to see if they can squeeze this back to IPO price levels
I think, due to the high short interest and the weakness in the decline lately that the next month is going to be suprisingly good for the upside. Let's see.
Root looks to be building an ascending triangle. Price needs to hold purple line for breakout potential to stay engaged. Watching this one closely, playing it from the long side for now, with stop loss between $9 & $10, upside to $20, blowout to $60.
Root, heavily shorted out of the gate, probably a bit much. Good tech on the insurance side, great value here at $14, upside to $20+. Strong technical response thus far, early stages of reversal. Watching key bound test at $21 to see if bull channel takes.