MARA surprised the market today with a blow out quarter, cutting it's operating loss in half to $988,000 and posting a loss per share of $.16 cpmpared to $.64 in 2018.
Merrick Okamoto, Chief Executive Officer, stated, “We’re pleased to show significant financial improvement on a year over year basis including significant reductions in our operating costs, While...
MARA is approaching the end of a pendent. Break out or break down by or before 5/17.
Looks like it could be setting up for a final wave before correction.
Bullish target is kind of crazy, as it would be a nearly 400% move... but a VERY STRONG 5th wave could push the price to $8.
Some bearish indicators though. Namely the bottom red bars.
How to trade:
Reverse stock split here hence the big pump up obviously company raising funds to make the books look good with earnings coming up on the 16th of april, I feel like this may open high however shorting off the top would be a more profitable play though premarket this is looking very weak. last rev stock spilt it opened high and closed on a red
RSI is low and coming up.
Bollinger bands are very tight - signalling a strong movement soon.
Decending Triangle pattern nearly completed. with a low and rising RSI, I expect a spike or new pattern to the upside.
MacD is slow and stable coming up
I expect a spike to be very quick and most people will not be prepared for it.
(Note it is possible...
Many have been questioning MARA has a long term investment, and we are getting close verifying if this will fly or not.
Weekly support and downtrend resistance triangle closing towards EOY, we should see a big move soon. I favor the bullish move.
We've also seen it's price holding despite the dump in $BTC, there may be another 20% correction in this currency...
This company that acquires and monetizes patents exhibits extreme volatility. Most recently, the stock price popped on July 24 to $1.42 from $0.83 earlier in the month of July.
The company's customers range from individual inventors to Fortune 500 companies, and...