On the above 10-day chart price action has corrected 98% since 2021. Now is an excellent long moment. Why?
1) You know why.
2) Price action, RSI, MFI resistance breakouts.
3) Bullish divergence. Lots of it. 9 oscillators are printing positive divergence with price action.
4) No stock splits.
5) High short interest. A number of hedge funds as well as private asset management firms have high short interest exposure. After a 98% correction?! Who does that? As it turns out most of tradingview.com also are short. Don't take my word for it the search button is only a click away..
"Off-Exchange Short Volume Ratio 48.48%"
source: fintel.io/ss/us/vrm
6) Some other stuff, will say elsewhere.
Is it possible price action falls further? Sure.
Is it probable? No.
Ww
Type: investment
Risk: <=6% of portfolio
Timeframe: before summer
Return: Don’t know
Stop loss: not written here
1) You know why.
2) Price action, RSI, MFI resistance breakouts.
3) Bullish divergence. Lots of it. 9 oscillators are printing positive divergence with price action.
4) No stock splits.
5) High short interest. A number of hedge funds as well as private asset management firms have high short interest exposure. After a 98% correction?! Who does that? As it turns out most of tradingview.com also are short. Don't take my word for it the search button is only a click away..
"Off-Exchange Short Volume Ratio 48.48%"
source: fintel.io/ss/us/vrm
6) Some other stuff, will say elsewhere.
Is it possible price action falls further? Sure.
Is it probable? No.
Ww
Type: investment
Risk: <=6% of portfolio
Timeframe: before summer
Return: Don’t know
Stop loss: not written here
Bình luận:
on support
Giao dịch đang hoạt động
Bình luận:
re-accumulate under 1 dollar
Bình luận:
Up around 60% since this time last month. 'Mind the Gap', it is a large gap down to 95 cents as price action appears heavily overbought on the daily.
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Great to see price action up around 100% now since publishing. However a significant bearish divergence continues to build. If you missed out, wait for the higher low to print. Will update elsewhere when this happens.
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Now up 150% in 60 days, amazing. Why does everyone rave about Crypto? ;-)
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Love those patterns.. only a few charts in the whole of the NASDAQ at this time print like this at the moment.
This was VROOM (VRM).
Anyone know what this one is? Will share on the private idea.
This was VROOM (VRM).
Anyone know what this one is? Will share on the private idea.
Bình luận:
Well done if you tool profits after this 200% move. Can you see where support is? Will identify this level elsewhere...
1-day
1-day
Bình luận:
Approaching support at a fair rate of knots.
Com'on sellers, limit order waiting...
Com'on sellers, limit order waiting...
Giao dịch đang hoạt động:
close swing trades from 1.20 until 90 cents
Bình luận:
Is it time to get back in? How do you know?
A number of folks bought around 2.50 but my impression is the market needs to feel more pain, there's no evidence they have capitulated just yet. It should be obvious when it happens. Might tap 60 cents, will wait for a signal to print first.
A number of folks bought around 2.50 but my impression is the market needs to feel more pain, there's no evidence they have capitulated just yet. It should be obvious when it happens. Might tap 60 cents, will wait for a signal to print first.
Bình luận:
Awesome, sellers have returned price action back to support.
Bình luận:
PS> Yesterday's update was not a notification to long. It is not possible until support confirms, or indeed a signal prints if you're using the tools.
Giao dịch đang hoạt động:
support confirmed
Bình luận:
Capitulation, grab it..
Giao dịch đang hoạt động:
Time to start nibbling.
Hard to believe there are folks who bought at 2.70 only to see a 80% correction weeks later. Do we think they were using a strategy? Or emotion?
Hard to believe there are folks who bought at 2.70 only to see a 80% correction weeks later. Do we think they were using a strategy? Or emotion?
Giao dịch được đóng thủ công
BTC
bc1q2eckdzh0q8vsd7swcc8et6ze7s99khhxyl7zwy
Weblink: www.patreon.com/withoutworries
Allow 3-6 months on ideas. Not investment advice. DYOR
bc1q2eckdzh0q8vsd7swcc8et6ze7s99khhxyl7zwy
Weblink: www.patreon.com/withoutworries
Allow 3-6 months on ideas. Not investment advice. DYOR
“VROOM INC - COMPLETED REDUCTIONS IN FORCE IN JANUARY AND APRIL RESULTING IN APPROXIMATELY $42.0 MILLION OF ANTICIPATED ANNUALIZED COST SAVINGS”
Saving money - good.
And..
“Vroom (VRM) came out with a quarterly loss of $0.54 per share versus the Zacks Consensus Estimate of a loss of $0.58. This compares to loss of $0.71 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of 6.90%. A quarter ago, it was expected that this company would post a loss of $0.68 per share when it actually produced a loss of $0.47, delivering a surprise of 30.88%.”
The market is overly bearish, which is not the reality. Not only is this reflected in the statement but also the high short interest. Which came first? The chart or the news?