Danimer Scientific, Inc.
Updated
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
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
Trade active
Note
Something that was brought to my attention today:"Danimer Scientific, Inc. Short Interest % Float 32.28 % "
Note
on supportTrade active
Notice the MACD crossover with higher lows? Same again for Stochastic RSI?
Short interest remains high,
Note
Have you seen the candle print on the 2 week chart?As the market rotates from Value to Growth stock, these small caps have the potential to make life changing gains. Don't waste the opportunity, will be 25+ years before this happens again.
Remember recessions are transfers of wealth. Money is not lost as markets correct, it just changes hands.
Note
Earnings report tomorrow. If you look closely, the chart is already telling you the news.Note
Earnings today.
Positive or negative, what say you?
The chart is already telling us which ;-)
Trade closed manually
OFCOS has requested the idea to be closed. It closed.
"Well, here's the split, time to close the idea"
BTC
bc1q2eckdzh0q8vsd7swcc8et6ze7s99khhxyl7zwy
Weblink: patreon.com/withoutworries
Allow 3-6 months on ideas. Not investment advice. DYOR
bc1q2eckdzh0q8vsd7swcc8et6ze7s99khhxyl7zwy
Weblink: patreon.com/withoutworries
Allow 3-6 months on ideas. Not investment advice. DYOR
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