Interesting spot here for SDC. This idea is based purely on the mega low volume sell off for the majority of yesterday placed in blue and price getting above that today. 200H MA holding price also. Might as well give it a go to attack the gap at around 1.60. Needs to hold pretty strong above orange. Could possibly wick below to clear people out, but no action...
NASDAQ:SDC SDC is the ticker for a company that makes orthodontic mouth guards customized for each customer cutting out the orthodontists. Recently it has been in uptrend over the past month of more gaining 80% in the past month. The K/D crossover on the RSI supports the end of the current micro dip making an entry point. A good stop loss is the recent low at...
LONG-TERM: Bullish shark , wedge breakout, daily and weekly classic bullish divergence , double bottom . (not financial advice) *tailoring position sizes for looser stops is important.
SDC has been trading within this box since December. If it breaks out of the box with volume, it could be a could opportunity to ride it up towards ~$5. Just something to watch for. If it doesn't do it then I am not touching it.
I believe this should squeeze to 4 area. Because it's way oversold at this point. We might even break the channel and make a new one. Because if it keeps dropping like this it will be bankrupt in not even few months. Which seems unlikely to me.
Some positive news on cost cutting to limit costs, enough to get a decent bounce, but does it have a little more to get us back to $3?...
Potential double bottom scenario on the SDC/VIX spread shown.
As the title suggests, the price action suggests a strong pop to 5.23 (it is at 2.60 at the time of writing) This is one i would be willing to play shares with and let it take all the time it wants. i assume they will release some kind of news that will be the catalyst for the move
As mentioned and observed above A similar drop has been noticed once earning reports were released According to technical analysis 9/10 gaps are covered The week graph has ended on a positive inverted hammer candlestick indicating a trend reversal, making way for all long positions to line up. According to my analysis Entry- below 2.80 Stop loss-...
Seems to be respecting the 200SMA as well. Current price is a bit below the projected point D.
Deep crab is complete on daily, indicating extreme oversold conditions. This is confirmed with the RSI. Looking for this to prop back up eventually.
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.
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...
RSI approaching oversold condition. Bearish divergence means a short wait into $4.50-4.15 range. Will wait for a bounce and convincing breakout before consider buying. Short interest's also high as a bonus. Got alert's set for ~$4.30. Wait for news of defamation suit also.
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...
My Favorite of the Reddit Stocks. On Watch for a Trend Change. Also, Will Enter at $5 and $4.50. Stop-Loss below close of $4.