The stock has been hyped by You-tubers a lot!
It can still pump since many are acting irrational of late.
However is due for a correction since is severely overbought. Also a shooting star, which is a sign of reversal ,is showing on this 4 hr frame chart. I will be cautious here. Due to the hype, do not short, as it may not retrace as it should. But if you want to enter you may put your first order at $8.59. Be aware it can correct further so your second order should be at $7.30. It all depends of the type of the correction if this will return from here or continue to go down. Since the stock is on everybody's radar, most likely will be a lot of buyers ready to BTFD.
Proceed with caution. This is not a financial advice. I do not own any stock in this company.
It can still pump since many are acting irrational of late.
However is due for a correction since is severely overbought. Also a shooting star, which is a sign of reversal ,is showing on this 4 hr frame chart. I will be cautious here. Due to the hype, do not short, as it may not retrace as it should. But if you want to enter you may put your first order at $8.59. Be aware it can correct further so your second order should be at $7.30. It all depends of the type of the correction if this will return from here or continue to go down. Since the stock is on everybody's radar, most likely will be a lot of buyers ready to BTFD.
Proceed with caution. This is not a financial advice. I do not own any stock in this company.