Cup & Handle broke down. It can still correct/turn bullish if it doesn't break below 18.
Validation point - $24.50
Good case - $34
Bad case - $18
Worst case - $16
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How to read my charts?
- Matching color trend lines shows the pattern. Sometimes a chart can have multiple patterns. Each pattern will have matching color trend lines.
- The yellow...
Getting close to a buy zone for me . stops around 16. if it fails at 16 can got to 14 and 12 would prob look to try again around 12 depending on the chart then.
Cup and handle on daily chart? Volume trend confirms it but TA works until it doesn’t so we will see probably by next week if it breaks to the upside to test and possibly make a new ATH.
New stock barely over half a year old since its IPO date back in nov. not easy to chart. these price targets i have are highly optimistic even for myself I have high doubts these targets will hit but hey i guess im that crazy but lets see.
1st pt 28
2nd 40
3rd 55.
lol like i said very optimistic. my first pt is a bit more realistic but lets see this crazy...
Retracement on the short term, SPY looking weak and due for a correction due, Finra investor margin debt is on at ATH relative to GDP (source: www.finra.org). Still have a bullish pre-disposition with $SOFI, playing the market highly defensive - will be doing partial to full hedging on portfolio these next 60 days. Tread carefully guys and good luck!
Hello everyone,
I hope you are doing fantastic.
We went through the SPAC merger with amazing volume and great price movement.
I would say that this is one of the best value plays at the moment and we got a rather cheap valuation of around 2.3B Market Cap for the stock, which gives us plenty of growth potential.
The company may very well be one of WSB's...
