solid technical set up, solid fundamentals and plenty of catalysts on their way.
*Edit - To be clear this is not a MEME stock or short squeeze play. The company has enormous potential on a fundamental level and is extremely undervalued in my personal opinion. However the "potential" for a short squeeze should not be ignored in these trading conditions.
I’ve been following this name for the last few weeks as we broke down 78% from the ATH put in December 2020. This was no doubt due SPACs getting hammered across the board and the short seller report from Muddy waters posting a lot of misleading information. Since then short sellers have been hammering the stock.
It looks as thought the daily is now extremely lined for a breakout.
The name has been trading lightly for weeks but I’ve been monitoring it closely and noticed larger buy orders stepping in the last few sessions.
Basic Stats Technicals:
32 days of consolidation at lows.
Break and strong hold of the 10ma for 11 trading sessions.
Break and hold of the trend line on the 27th May.
All dips into $6.50 aggressively bought for 10 trading sessions.
Basic Stats Fundamentals:
Submitted June 03, 2021 at 05:53AM by Stonkgang_ https://ift.tt/2SX96Ta
