looks like a classic fake out breakout above resistance zone, break back below 7.49 and dip to 4.6-5.6 is possible before the next rally.. boost and for more! thanks 💛
$39M mkt cap Chinese Company, moved operations to US to mine bitcoin. It has 4 times the cash as the market cap due to several offerings to raise that cash to buy $100's of millions in Commodities and bitcoin miners. Has been slammed short by short seller reports. With bitcoin raging this is going to run quick. Was up 40% on Tuesday and short sellers slammed it...
unless btc and eth breakout shes going down... the 50 ma coming like a tidal wave. my birthday is early march, may buy some sos at 2.00 or less. TAYOrisk
chart-art shows POSSIBLE uptrend , green trend-line means bullish . Over the ma line can_be 🐂, & under will be bearish Short to midterm .
~~N0 arrows. ~~ N0T trading Advise either +dyor
chart-art shows POSSIBLE uptrend , green trend-line means bullish . Over the ma line can_be 🐂, & under will be bearish Short to midterm .
~~N0 arrows. ~~ N0T trading Advise either +dyor
chart-art shows POSSIBLE uptrend , green trend-line means bullish . Over the ma line can_be 🐂, & under will be bearish Short to midterm .
~~N0 arrows. ~~ N0T trading Advise either +dyor
SOS recently had an offering, so i get it if you are done with the company. However, when trading with technicals , it is best to avoid focusing on fundamentals and feelings about a certain stock. I see SOS currently in a huge buy zone around $.50. RSI is currently approaching a similar level when SOS ran last year. CM Williams VIX also indicates a change in buyer...
$SOS is in a Descending Channel
It need to be trading above 21 EMA to be Bullish.
Maybe with a good Form 20-F in May 2022
and US Mining Update PR's end of April 2022 to be Bullish again?
last tim sos bottomed in 2020 it hit low of .51, this time around it was .56.. technically made a higher low bounce which is bullish.
as long as .56 holds we could head back to 3.51, but I would wait for trend resistance to break first as confirmation.
neutral at the moment, like and follow for more! 💘
Break over the daily 20ema with parabolics supporting price and its off to the races. 80c first target at the 4hr ema100. Then 85-90c at the daily 50ema.
With the market we're in, there is a lot of risk on the table. Don't fomo into things. Wait for clean breaks.
Your insurance in this market is being late.
Not a financial advisor.
SOS has been beaten down tremendously in the market.
It has been making progress with a reversal. Another thing to point out is that the company hasn't had any updates in quite some time. It may be a time to address the holders here soon.
Once SOS gains a little traction there is a gap to fill to $2.05 Which would get us above the...
Although I'm a bear in the market on a macro scale. I do believe that we will see a Christmas rally in stocks as VIX is pointing oto $13 in January. You could probably throw a dart at the wall and buy a stock right now and make a quick buck for a 2 week hold. I choose SOS as it has a very nice wedge formation.
