NYSE:SMR is approaching a potential entry point for the start of a DCA strategy for a long term hold. SUMMARY Wait to see where the price moves. Using a combination of RSI reaching 30 and the price falling to (with a 3 day filter) around $4 or if the price continues to fall then around $2 (another 3 day filter at this level too), begin entry with a DCA...
SMR has been in a steady and predictable decline for about 9 months now. We recently just observed another rejection from the top of the descending macro wedge trend line, and there is currently a fight around the $7.70 to $8.00 range. A strong break below the $7.60 level may have enough momentum to push the price to a new low and I will look for support at the...
Looks likely to break to the upside over the next 3-6 months.
It looks like that $SMR pick up as starter a stubborn Charmander. Hopefully he doesn't set everything on fire.
Expect it to come back down and chop between $10-$15 since no revenue is expected for at least another 5 years.
We are slightly above backbone trendline. Hopefully we will close around tail area but prepare your SL at ass level.
Pretty wild situation at SMR. We can see diving Wyvern ready to consume some tasty sheeps.