RealReal, Inc.

16 mar 2023

On the above bi-weekly chart price action has corrected over 90% since the sell signal (not shown) at $30. Now is an excellent long moment. Why?

1) A strong buy signal (not shown).

2) Price action and RSI resistance breakouts.

3) Bullish divergence. Multiple oscillators are printing positive divergence with price action.

Is it possible price action falls further? Sure.
Is it probable? No.

Ww

Type: investment
Risk: <=6% of portfolio
Timeframe: Don’t know.
Return: Don’t know
Stop loss: <= 90 cents

24 mar 2023

Trade attivo

on support

24 apr 2023

Trade attivo

22 mag 2023

Nota

GRM support confirmed

28 giu 2023

Nota

Up around 40% with 1-month of GRM support confirmation, excellent. Stay long.

16 ago 2023

Trade attivo

support confirmed

8 nov 2023

Trade attivo

5 mar 2024

Nota

At resistance...

20 mar 2024

Nota

Past resistance confirms support. 200% return so far.

14 mag 2024

Trade attivo

Now up 300% in 12 months.
Past resistance confirms support.

2 week

20 set 2024

Trade attivo

be long..

21 mar

Trade chiuso: obiettivo raggiunto

$10 or 10x from long idea was achieved (red circle).

Although price action remains in a uptrend, is oversold currently... a repeat of 10x from 2023 is not going to occur without a lengthy sideways period of consolidation and a confirmation of support on past resistance, around $3.

The recent correction was met a significant monthly resistance. Perhaps Michael Burry has exited his position as well.

Laters... Ww


2 week