Bullish play, 90 shares, may continue back up to retest.
Max loss is $22, bought at 22.99.
We'll see how it pans out. Plan to sell on Friday.
SPY seems to be breaking out too.
So folks, I make it short:
I am using my old chart, and I see Riot is going to touch the 100 days EMA, then 20 USD, probably followed by the support line at 16.
And eventually 13 / 14. this would be a great BUYING opportunity.
Of course it depends on BITCOIN in coming days.
Please comment. Thanks
RIOT sympathy play with BTC
BTC:
Bull flag (symmetrical wedge) on Daily
Reversal price action respecting bottom trendline (2 wicks w/ small bodies)
20 SMA coming up for support
$1.9T stimulus packet proposal, decreasing USD
RIOT:
Bull KL's: PLOD, PHOD, 22.50, 24.00, 25.00, 25.50
PT: 26.50, 27.70, 29.30
Long term PT: 33.30, 46.30
Price action projection: gap up,...
I think RIOT needs to correct a little before it can continue rising within the formed trend channel on the daily charts.
RSI still looks overbought.
This stock obviously reacts to BTC Price movements, but it's sometimes delayed.
Short term dip, with an entry price target of about $21.40, then long from there, given bitcoin continues it's bull run.
If there's...
Info only, not advice
If you want some exposure to Crypto, but can't directly access in the UK, RIOT is a BTC mining operation
Tracks BTC fairly well
Log chart with some trend and key lines drawn
Looking for pump up to top of trend line and then drop to resistance before pushing up to next high
Stock rallied with bitcoin and then tanked with bitcoin.. Now that bitcoin has stabilized and RIOT has bounced off the bottom of its channel might be time to give it a try.
White line s - Original channel
Redlines - Secondary channel
Green lines - targets
We reach a strong support at 21$. The Stock was a decent profit for me today and I am still long.
Maybe after falling again, the price range has to be adjusted, but potential to reach again 25 again is there for sure.
No financial advise, I am a part time trader. If you have any questions, don´t hesitate to ask.
congrats to anyone who got in here at 4 when i first mentioned it, my target of 15-20 hit so i sold everything.i wish i didnt though haha. im looking for a dip entry around 14-16 in the near future. i hope it hits, if not its fine. always more opportunities !
