SDC reported a loss of 23 cents for Q3, wider than the year-ago loss of 11 cents.
Zacks Consensus Estimate was a loss of 15 cents.
52 Week Range 3.90 - 16.08
Do i need to mention that SDC is trending in the top 5 stocks of WallStreetBets?!
And that it has 10K calls this week?!
And that 32.74% is shorted?!
Looking forward to read your opinion.
My short term...
The lowest price ever is 3.64, breaking below this level is less likely!
SDC has a high short interest of 27.2% which needs +3 days to cover!
It could be a good target for a short squeeze before December 17, 2021, after it finds a support level.
closing long position could be a good idea if we see it closes below 3.64 in the coming...
SDC was smashed very hard , now its a safe bit to enter a worthy trade , price target and SL are shown on the graph .
Keep in mind this is one of the top trending stock in WSB.
Trade safe
Demand Zone, not confirmed
Entry 4.4
Stop 3.5
Target 9.5, 13.5
Risk management is much more important than a good entry point.
I am not a PRO trader.
In my trading plan, the Max Risk of each short term trade should be less than 1% of an account.
Im holding quite a few shares of SDC my pt for SDC is back to the $16.80 area and if it breaks above then maybe $22.00 or so.
SDC has build a huge falling wedge on the Daily and at the bottom of this wedge is what I like to call the Pre Breakout pattern.
NASDAQ:SDC
I expect consolidating between 5$ to 5.70$
Bullish
Above 5.70$ is bullish and TP1:6.23
Bearish:
If it lose 5$ then TP1: 4.80$ and TP2: 4.60$
This is my idea and could be wrong 100%
NASDAQ:SDC
Possible Scenario: LONG
Evidence: Price Action
TP1: 6.5$
TP2: 7$
Call options, Strike 7$, 01/21/2022
Call options, Strike 6$, 10/29/2021
*This is my idea and could be wrong 100%
$SDC on daily time frame holding above the 6.40 (probably acting as new support).
If we follow my fibs, there's a chance maybe by next year, $SDC can be in the 10+ ranges.
Full Disclosure: I own 2641 shares of $SDC avg 6.00.
SDC TARGETS STOP LOSS
TP1 12 10
TP2 15 12
TP3 20 17.65
TP4 25 22.35
TP5 36 32
There is...
SmileDirectClub Inc is looking very bullish on Weekly Chart. It has also formed a double bottom pattern indicating bullish momentum and trend reversal. Short interest-related data is screaming that shorts are trapped. Social media interest and Wallstreebets are hyping the stock. CFO is engaging in marketing activities. This can really run higher.
SmileDirectClub, Inc. provides dental services. Its clear aligner treatment addresses orthodontics market. The company was founded by Alexander Fenkell and Jordan Katzman in 2014 and is headquartered in Nashville, TN.
NASDAQ
