Root looks to be building an ascending triangle. Price needs to hold purple line for breakout potential to stay engaged. Watching this one closely, playing it from the long side for now, with stop loss between $9 & $10, upside to $20, blowout to $60.
Root rejected at old support (14) now turned into resistance. Near term support trendline also broken, and likely to find support on the bottom of the long term (yellow line) falling
trendline. Price target: $10.
Will watch this area for potential reversal. A DB may be in play if 10 level holds.
Fundamentally, nothing to provide a counter to lower lows. Stock...
Not financial advice.
Looking at the ha candles, volume, and SMMA 10, ROOT may break out as soon as Monday, April 5th with an upward trend looking to push $20 per share by the end of April. Looking at the break out from mid-December, the trend pushed approximately 20% per week until early February.
This time around, an increasing short interest, Citron's...
This company IPO'd at 27. It is an auto insurance company with some innovative ways of assessing premiums.
Cup and handle. Could return to 19s relatively soon on technicals.
Grabbed shares earlier today in 12s. 1000 shares to start with, and a few calls. Let's see where it goes.
Root, heavily shorted out of the gate, probably a bit much. Good tech on the insurance side, great value here at $14, upside to $20+. Strong technical response thus far, early stages of reversal. Watching key bound test at $21 to see if bull channel takes.
Citron following swing trading strategy idea
Root, Inc. provides insurance products and services in the United States.
The share price is rising and gonna continue this trend today after the new Citron report publishing. The stock has very much short float and insiders purchases near prices much higher than current.
The demand for shares of the company still...
It's my 2nd analysis feeling great to join this community of follow Traders . Straight to toady's analysis on Root INC.
Wow...! we bulls kept control over the market toady with the closing $11.88.
Chart Analysis :-
1.Todays close is near the open of Green Candle ( Sign of Bullishness) 1 day chart .
2.Lower Long Shadow on 17 March 2021 is acting as support...
Root, Inc. operates as a holding company. It provides direct-to-consumer insurance products. The company was founded by Alexander E. Timm and Daniel Manges in February 2015 and is headquartered in Columbus, OH.