ESTR starting on a strong uptrend in 2019, breaking out of downward channel lasting for the most part of last year.
The fundamental driver likely an anticipated strong earnings report for 2018. According to Morninstar, Price/Cash Flow decreased from 137.83 in 2017 to 1.31 in 2018.
Number of shorted shares decreased around 10% YTD, and is below 1% of float...
Look for a bounce off the 3.15 resistance level for a confirmed uptrend and watch for these key price levels through January '19. Low float makes intraday price movements are very unpredictable so a multi-day swing trade is recommended with clear price targets and low stop losses.
Bitcoin and Nasdaq-100 show a lot of correlation in the last few months. This could be one indication that bitcoin prices are more and more susceptible to changes in the US technology sector. Also this could be a sign of further integration into the global economy.
Breakouts in past few weeks from the 1.76 - 2.24 price range indicate that the previous 2.24 resistance level could become a new support level.
Moving averages and analysts’ estimates make this company a good choice for short, medium and long-term investment, which in turn forecasts a larger volume spike coming soonhttps://www.tradingview.com/x/OfbMbWQl/.