The stairway to heaven of stock analisys - \who knows?
If you walk into a gitar shop and start playing stairway to heaven or hotel california its a kick in the ass...Analising a reddit favorite its as hit and miss and comon as it gets.
So here we go:
We have a great support at trend line, though it received a nick we are still whole. The fomo around this stock makes it a no no from many diferent perspectives for persistent profit attainment, but it is fun, sooo... Les have some fun.
The main pennat formation its strong and there is some indication of upside due to the progresive trendline movement, notice the wrap around the average of the middle of the pennant. The upside is good but it needs to be babysitt at all times. This is a great stock for daytrading and capturing small gains thorugh out the cicle.
So the veredict:
If you are holding core, add up
If you are looking to get in, wait for a dollar flush or get in at the retraction on the upper pennat break.
If youa are daytrading it, green flag above the average(middle of the pennant) and strong entry at trendline support.
Good luck!
So here we go:
We have a great support at trend line, though it received a nick we are still whole. The fomo around this stock makes it a no no from many diferent perspectives for persistent profit attainment, but it is fun, sooo... Les have some fun.
The main pennat formation its strong and there is some indication of upside due to the progresive trendline movement, notice the wrap around the average of the middle of the pennant. The upside is good but it needs to be babysitt at all times. This is a great stock for daytrading and capturing small gains thorugh out the cicle.
So the veredict:
If you are holding core, add up
If you are looking to get in, wait for a dollar flush or get in at the retraction on the upper pennat break.
If youa are daytrading it, green flag above the average(middle of the pennant) and strong entry at trendline support.
Good luck!
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