Good afternoon to everyone on the west coast and good evening to everybody on the east! Wow aren't we looking bullish today. Like I mentioned yesterday, as expected, there was going to be a minor pull back today. I sold my options this morning, and bought back in at a lower price closer to around noon (west coast time).
For today's analysis, I am going to be...
What a great day for the infamous Chinese company SOS.
Today's rally was due to the news that the 2nd batch of the mining rigs are now active, and that additionally, SOS has successfully mined bitcoin. What great news.
Of course HaGeNs BeRmAN, "NATIONAL TRIAL ATTORNEYS, Encourages Investors in SOS Limited (SOS) to Contact its Attorneys, Analyst Calls SOS Stock...
With BTC breaking out and SOS being a lagging indicator of bitcoin, I can see this stock being a huge grower. Since the short float is high, this stock could run up hugeee. Also with the wedge pattern about to breakout is could be a golden opportunity.
$SOS primed to move up with BTC. Gap above to be filled around $9 to $9.80 level. Breakout incoming?
Current Price: $6.63
Support: $5.84, $5.28, $4.55
Resistance: $7.93, $9.16, $12
Target: $13, $15, $15.80, $21.40
SOS is forming a beautiful breakout, it also has a large amount of shorted stocks meaning if enough people buy his stock we could see it shoot up. Also bitcoin could play a big role. If bitcoin shoots up over the weekend, we could see massive gains.
$SOS fluctuates with Bitcoin, and with Bitcoin currently testing all-time highs with strong bullish momentum, SOS is the way to go to play this. I anticipate BTCUSD will rise to around 65k over the weekend, which would do wonders for this stock on Monday. In addition to that, SOS reached the end of their breakout wedge today, which means a breakout is extremely...
