BEAT- BEAST is about to be unleashed...Positional/swing trade
Updated
BEAT is your prototypical aggressive growth stock- Strong future growth potential with good earning and revenue track record ... If you can overlook its debt level.
This beast was tamed for a while after its share price skyrocketed from $25 to almost $80 , but it is ready to unleash its fury again.
But first, I think the pullback is in the store facing key resistance lvl in confluence with ichi and BB on the weekly timeframe.
In addition, short % of float is around 10%.
However, it is a bullish sign when price hovers below the key resistance lvl rather than experiencing outright price rejection.
My buy zone is between $45 to $55 for the positional trade. The long term trendline and S/R flip below this price range will act as a strong support.
Click the like button and follow me if you like my analysis :D
This beast was tamed for a while after its share price skyrocketed from $25 to almost $80 , but it is ready to unleash its fury again.
But first, I think the pullback is in the store facing key resistance lvl in confluence with ichi and BB on the weekly timeframe.
In addition, short % of float is around 10%.
However, it is a bullish sign when price hovers below the key resistance lvl rather than experiencing outright price rejection.
My buy zone is between $45 to $55 for the positional trade. The long term trendline and S/R flip below this price range will act as a strong support.
Click the like button and follow me if you like my analysis :D
Note
Rejected at the resistance lvl. Double top. Important daily POC at $47. Trade becomes invalid if the price falls below the buy zone of $45.Note
Long-term trendline hit
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.