Bird Swing Play
Bird with first level of support at 0.014
Bird with second level of support at 0.010
Bird with first resistance at 0.018
Bird with second resistance at 0.030
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Bullish sentiment
Worst case scenario could go below 0.01 to test a new level of support
My scenario is it tests 0.01 again, but anywhere from 0.01-0.014 is an entry, really hoping for a bounce right now
Swing up until earnings, would be risking a 33% loss, but I am fairly optimistic on this
The past 5 earning statements has seen a fall after each, and is definitely room for concern on this trade
Press release by Bird tells us they are projected/estimated to make profits with the upcoming season. Not sure sentiment plays here. Before or after?
Bird with second level of support at 0.010
Bird with first resistance at 0.018
Bird with second resistance at 0.030
----
Bullish sentiment
Worst case scenario could go below 0.01 to test a new level of support
My scenario is it tests 0.01 again, but anywhere from 0.01-0.014 is an entry, really hoping for a bounce right now
Swing up until earnings, would be risking a 33% loss, but I am fairly optimistic on this
The past 5 earning statements has seen a fall after each, and is definitely room for concern on this trade
Press release by Bird tells us they are projected/estimated to make profits with the upcoming season. Not sure sentiment plays here. Before or after?
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