Watch for next Friday when the options will expire. This should go up and the puts will expire worthless. Target price : above $7.50 at least. Lets see if it will hit it.
Monday after trading hours UWMC will report earnings. So far they have very good earnings and are expected to surprise again. However the stock price is at is lowest, way below the IPO price. There are some unusual option activity in the call side as well. Will see how it goes, but this stock needs some love.
There has been a lot of drama lately in the SPAC market ( SPACK ATACK) as most of them have lost significantly. However IMO this could be a long term profitable holding. Here are the good news : We see higher lows and the bottom has been set. Macd has turned bullish on March 2nd and remained there. If Macd will cross above zero, bullish trend is confirmed. We...
If the resistance is broken we can have a nice run to $17. A MACD crossover about to be happening. This is not an investment advice.
Square has been forming a bull horn pattern, some call it bullish megaphone. Now is a very good entry point! Good luck trading! I am not a financial advisor, and this post is informational only. Trade at your own risk.
With all that happen recently in the market MP is holding strong. Bullish trend line continues, which makes this a very good entry point. RSI is currently oversold. I am not a financial advisor, and this post is informational only. Trade at your own risk.
SPCE has been a very volatile stock but the line I drew it seems like it acts like a magnet. No matter how high the stock goes the magnet pulls it back . If you were thinking to make a play in this stock or add to your position, now it is the time. I don't have a future target price in mind but this is a good entry point IMO. Currently is way oversold! I am not a...
If support is strong we will go back to ATH forming the handle on the wide base cup.
Last time this was oversold we went up 60%. Will it do the same this time? If it does will touch previous high of $24. I like the chart because we have coiled up inside a triangle consolidating so the move should be explosive to the previous highs. The consolidation inside the triangle also resembles as W for Winner so more chances for this to complete the letter...
IPOD is having a momentum. We don't even know who we are merging yet with but all Spacs are now a sure win if we wait patiently. Each time it corrected was oversold as you seen in the image. First time it corrected till the 20 day moving average, second time it corrected more so the move back up will be more. It formed a clear support and has rebound. If it...
Finally ACEV has broken the resistance and crossed over on MACD. Most likely will go for the second resistance at $11.00. Even if it will be rejected it will still look bullish and the first resistance will become support.
Macd is about to cross over and when it does my first target is $31 and my second target is $36. Good looking chart, trading in an upper trend.
This may go up as beginning to form a W for Winner. I believe there are a lot of shorts out there and we may see a short squeeze soon.
It still kept the uptrend and it hold at support. The wicks on the candle show at the this price buyers are coming in. There is a good possibility we return from here . I would start buying in increments in case the support is broken. The RSI shows oversold and I would like to see the MACD crossing as well before I buy more. This is not a financial advise.
IF support is not broken we are looking at a very nice ride back up. Still bullish while support holds.
The stock has been hyped by You-tubers a lot! It can still pump since many are acting irrational of late. However is due for a correction since is severely overbought. Also a shooting star, which is a sign of reversal ,is showing on this 4 hr frame chart. I will be cautious here. Due to the hype, do not short, as it may not retrace as it should. But if you want...
I know there are rumors about ARKK investing in this but I think the news are priced in. Although long term this may go up, short term I believe will be a retrace. As of now the stock is Overbought on weekly chart and has a nasty "scissors" touching the 200 moving average. I would buy this but I will wait for a better entry IMO.
All SPAC IPO's have seen great gains before they even merge. This one is a company that was founded in 2004 in silicon valley. It supplies field programmable gate arrays, the electronic components used to build reconfigurable digital circuits for use in 5G equipments and cloud computing. Among its competitors are Intel Corp. and Xilinx Inc. It is a great play and...