Danimer Scientific, Inc.

On the above 10 day chart price action on this penny stock has corrected 98% since February 2021. A number of reasons now exist to consider a long position. They include:

1) Price action and RSI resistance breakouts.

2) Past resistance confirms support. (yellow arrows).

3) Regular bullish divergence. Multiple oscillators print positive divergence with price action as measured over 6 months.

4) The falling wedge formation forecasts a 8000% move as measured from the highest to the lowest wedge touch points.

5) No share splits. True.

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

Ww

Type: Investment
Risk: <= 3%
Timeframe for long: Qrt 2, 2024
Return: 8000%
Stop loss: 55 cents

交易進行

評論:

Something that was brought to my attention today:

"Danimer Scientific, Inc. Short Interest % Float 32.28 % "

評論:

on support

交易進行:

Notice the MACD crossover with higher lows?
Same again for Stochastic RSI?
Short interest remains high,