$MARA - Should I hold through ER?

29 ott

MARA is about to break above the 200-day moving average (200DMA) and another major level where support has turned into resistance. Whether or not the descending wedge pattern plays out depends on the earnings report (ER).

I don't have high hopes for the ER, given Fred's history. He has occasionally boasted about decisions like diluting shareholder value and projected a very gloomy outlook for the crypto mining industry.

On the other hand, if the wedge plays out, the measured move is to $34.

I will have to decide if I want to hold through earnings. It's a hard decision.

As always, I share my opinions and trades. I'm not suggesting anyone follow my trades. You do you.