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PaperBozz

$NEGG - Could be a good play for risk takers only

Long
Newegg Commerce, Inc. (NASDAQ:NEGG)  
PaperBozz  
NASDAQ:NEGG   Newegg Commerce, Inc.
Chart Patterns
2
0
chartpattern
NEGG looks to be basing. Well one might say if it goes down any further, its zero. But there is a bullish divergence on the Weekly MACD and Monthly MACD is about to do a bullish cross. $2.60 to $4 would be a hard resistance. With a short interest of 12%, it will take ~7 days to cover. It saw a bit of short squeeze action last week. Its an unpredictable stock with violent moves up and down.
Targets - $2.66, $4, $9.90, $17.00
Risk - It can go to zero. You can lose it all.
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