Looks like we are just delaying the inevitable here and will have a late week/ early next week bull run. Still hard to tell with the daily movement. When investors re-enter at a mass scale is when we will see this stock soar high again. Right now we are seeing a lot of profit-taking and re-distribution of gains elsewhere. Which is understandable for how far we have come already. Watch for a flip indicator for gains over $.50 and this stock should see some crazy gains over a short period of a few days.
Still a very low priced stock for over 1B market cap.
Still a very low priced stock for over 1B market cap.
Note
MARA direct offering for $20 last friday seems to have sparked a selloff this week. No worries and nothing to fear a few dollars down has given me a great oportunity to add shares at a discount as I had actually sold most of my shares around the $22 mark. Solid play for me, but MARA is most definitly slumping right now and showing Bearish trends. I am half-hazardly adding shares, but this is not a recommendation to buy if you are only looking for quick trades. I will simply label this a value-buy for long term holds.Note
Seems like we have entered a bearish flip for the time being.
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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.