Upside on this thing, corz looking like its in for a decent run ehh, broke above that level so it should run back up to the last lost level, super simple lets see if it plays out.
One of Core Scientific's biggest miners is facing bankruptcy - the company has no way to meet its financial obligations.
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I was Posting the other day a chart where I Said this stock was being pushed down for the Bears, Well this huge move to the upside could just be the beginning. 31% move in 1 Day!!!
Started riding 8 MA , trading Above 20 MA and 21EMA Support resistance Band.
Crossing 50MA and re test it.
Chart shows that a little more bears will be wreck in a short term future.
Get...
$CORZ
BTC Miner IPO Caught immediately in a Bear Market
Biggest BTC Miner with an average of $1200 BTC on a monthly bases.
According to investors.com it has 0% Debt
3rd Qtr. or Last earnings positive EPS of +300% and sales change of +118%
2nd Qtr. EPS +72% and Sales +255%
1st Qtr. EPS +675% and Sales +803%
As of September 2022 funds investing on the stock when...
Bears taking advantage of the short interest that is currently at 4.6 days to cover. Nasdaq Website info.
Dropping like crazy over 25% of its value this week. BTC stuck on 19 000 range.
Great Accumulation opportunity for the long term, when BTC flips and bears have to cover, this stock will pop huge to the up side.
Bear Markets make great opportunities like this...
$CORZ looks to be primed for a move up. Stoch RSI is curling up at the bottom of a descending wedge. This looks primed to run up. Over 41 bitcoin mined daily for the past few days. Total assets of 2.704B - total debts of 1.255B = 1.449B / total outstanding shares of 325.405M = target price of $4.45. This is only my opinion and should not be taken as financial...
CORZ has found support along this higher low trendline and finally retested.
Showing divergence on the daily and indicators are oversold.
All depends on BTC but this looks like a great entry for me.
Good Luck
Real nice 1.618 gartley here at the .886 which is confluent with historical support.
The RSI is trying to diverge on the lower time frames here. Confirmation of a low here would be your sign.
News play: Core Scientific, a publicly traded #bitcoin miner, plans to solidify its leading position by reaching a hashrate of 40 EH/s-42 EH/s by the end of this year....
Want to put this on your radar.
Core Scientific, Inc is another Bitcoin North American miner stock that listed on Nasdaq on January 20th, 2022
Core Scientific, mined 1,044 bitcoin in December and 5,769 BTC in 2021
The company said its hosting business currently serves more than 80,000 bitcoin mining machines that output a total of 6.9 EH/s, and it has secured...
