$MARA - Should I hold through ER?
MARA is about to break above the 200-day moving average (200DMA) and another major level where support has turned into resistance. Whether or not the descending wedge pattern plays out depends on the earnings report (ER).I don't have high hopes for the ER, given Fred's history. He has occasionally boasted about decisions like diluting shareholder value and projected a very gloomy outlook for the crypto mining industry.
On the other hand, if the wedge plays out, the measured move is to $34.
I will have to decide if I want to hold through earnings. It's a hard decision.
As always, I share my opinions and trades. I'm not suggesting anyone follow my trades. You do you.
I am not a licensed professional. None of the posts that I published are investment advice. Do your own research.
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