nice rebound from Fib 0.618 level. breaking (7.95-8:00) will send it fast to $9 ( strong resistance) breaking it might send to its' final destination $11.24 ( filling the gap). Please note: just sharing my view. its not a recommendation for buying or selling
Possible cup and handle pattern forming here. Major support ($6.18), Major resistance ($7.76) and break above (8.00) psychological resistance for retracement to gap fill territory ($9.20).
SDC was able to breakout of the descending triangle pattern, indicating a reversal in the downward trend.
This has all signs of a bearish pattern upon completion. I'm a big fan of the company but this doesn't look good all things considered...
Smile Direct Club looks really good breaking this line lets see if it holds
JUNK rating since IPO
SmileDirectClub Inc is a United States based company engaged in the orthodontics business. It is mainly involved in the sale of aligners, impression kits, whitening gel, and retainers. There was a decrease in selling volume as indicated on the chart and an increase in price at the same time I think it will get to 38% increase from current prices Good luck and...
$SDC is setting up for a major breakout. When is anyone's guess, but we thing it's coming sooner rather than later. With 30% of the float short, we think $SDC could really get going. As always, trade with caution and use protective stops. Good luck to all!
$SDC is a heavily shorted name with plenty of bears. While we aren't going to get into the bull/bear battle over its business, current price action favors the bulls. We think $SDC can easily squeeze to $18 a share. Currently, 21% of the float has been shorted. Watch yesterday's high of $13.88 for confirmation of going higher. The trade should work out immediately...
Alex Vieira downgraded Smile Direct Club to Junk on IPO $19.6 referring to it as a SCAM. His opinion was made public worldwide on IPO Wall Street raised price target to $31
By forming an ascending triangle pattern and through the Elliott's waves and retracements levels within it, if it breaks now it is very likely that it will fall on being overbought and not be a good deal. If you perform a retraction to the E wave, prepare for a breakout of magnitude. Thanks for likes and follow! Nice trading
Shadow for the next week, 1 month chart looks interesting in this one, I'm going long this week on SDC with a 21% of capital, risky move but might be very well rewarded. For more info join our mattermost community sending an email to mm.altcoin@gmail.com