just compare this stock movement to RIOT or MARA, this doesn't follow bitcoin as close even with wall street bet hype. pump and dump/scam alert. short it to 0!
Btc miner with video proving they got a shit ton of miners up and running. Shorts are here too. Be careful. If we do make it back down to vwap look for confirmation then long.
6$ calls no sooner then 6 months-12 months out.
Possible Breakout from the Consolidation Symmetric Triangle. Possible catalysts, the company refuting short seller FUDs, and Bitcoin going up fast, and overall market liking the huge $1.9 trillion stimulus package.
Excuse all of the extra lines, but here's my thesis: Massive volatile flow for this stock in the last two weeks. Here's the pattern I am looking at. Resistance seems to be happening around the $5 range (4.5-5.5), and every time the stock dramatically reacts up or down, it's due to news. I believe many investors are speculators hoping that SOS isn't a fraud...
If we break DOWN outta this triangle, im out. SMH. I don't understand this stock. BTC at almost 52k, we're here at 5.50. Lemme know what you predict for SOS.
Expecting a consolidation around the $6.14 level but of course depends on buying/selling volume as this has been a fairly hyped up stock- will be interesting to see how today plays out- would love to see a breakout from here
Just did the math on SOS as long as she end above 6.50 there were 26,406 more calls ITM than puts.So 2,640,600 shares being bought before market open Monday starting at $6.50 sounds 👌
With lots of volume and short interest on this stock I built my positions fully on todays drop.
When BTC plays tend to follow the markets rather then BTC, I see it as an exploit and an opportunity.
Short term price target 11$, long term 25$ +.
I dont have a stop loss for this stock, if it dips I buy more :)
SOS overall uptrend
MA20/50/200 still trending upwards
SOS needs to break that gap resistance point 8.80 convincingly so we can hit the upper tier of price action
Popped up on my radar and does look like a tasty trade. Got in a bit early, but oh well.. if it plays out like the other crypto equities this has some potential to run! Bullish on SOS or think it's a pile of garbage?? What do you think?
As the crypto world stages a reversal so does SOS post the short seller report.
Investors await a response but until then we have traded this for some huge gains within our community.
The chart shows the 2 main levels of interest where we have 3 separate resistances converging.
Happy trading and hope you have some success
