I don't know much about this company except that it landed on my radar from hearing about it.
Based on the parabolic move that happened since March when it was trading at around 1$, this thing has made like 1400% and pulled back.
A break out above 14$ will send this stock flying. Otherwise right now its trading within a triangle/ascending wedge so don't get faked out and let the price action test the boundaries of this trade set up to enter
I'll personally go in with a buy-stop order at 14.50 on good volume and set a stop loss just under. When these meme cheapy stocks fly, they can fly 50% to 100% in a matter of weeks. No one gives a crap about valuation on these unknown companies usually.
Based on the parabolic move that happened since March when it was trading at around 1$, this thing has made like 1400% and pulled back.
A break out above 14$ will send this stock flying. Otherwise right now its trading within a triangle/ascending wedge so don't get faked out and let the price action test the boundaries of this trade set up to enter
I'll personally go in with a buy-stop order at 14.50 on good volume and set a stop loss just under. When these meme cheapy stocks fly, they can fly 50% to 100% in a matter of weeks. No one gives a crap about valuation on these unknown companies usually.