I like this setup for the following reasons. 1. Broke previous resistance of $3.05 with huge volume. 2. Retest and pull back on lower volume. 3. Set to join Russell 3000. 4. Double bottom.
INTRODUCTION NextDoor.com is a company out of San Francisco, California, launched in 2008. It operates a social network for thousands of neighborhoods across 11 countries. This company appears unprofitable for the last year, with a rising user base of 21%. Considering there was a lockdown thanks to the coronavirus pandemic, this company would be highly profitable...
Price has tested the up trend several times in the last week and closed at the POC (point of control), the level at which the greatest volume of shares has traded in the last 12 months. The most recent close also tested the .23 fib level. The Force Index turned positive and the MACD appears to be inching up preparing for a cross. I want to see the price close...
KIND stuck between strong support and resistance and in consolidation mode. We need to wait for a clear break above or below to take a position. Also notice how its at RSI resistance, pay attention, we most likely dip from here.