Careful LONG MVST
Updated
This meme-stock, hyped by reddit feel badly. But it is a real company, making and selling real stuff and is heavily into R&D with batteries. Im not all too FA-minded so i leave it at that.
On the daily chart we have some nice bullish RSI divergence. Looks like it will break out. potentially an easy 30% from here, as for a longer term hold, i havn't made my mind up yet for the targets.
Buy low, sell high. right? There is still quite some short intrest for this stock. Which also means that there are quite some buyers (because the shorters need to buy the stock). Seeing that the price dropped a fait amount, shorters might take profit and it will propell the stock higher.
It is also testing it's 21dMA. 3 times now. Like its knocking on the door before coming in :).
Could also fall further. depending on what happens, i will probably only add to my position, not sell because the upside potential.
On the daily chart we have some nice bullish RSI divergence. Looks like it will break out. potentially an easy 30% from here, as for a longer term hold, i havn't made my mind up yet for the targets.
Buy low, sell high. right? There is still quite some short intrest for this stock. Which also means that there are quite some buyers (because the shorters need to buy the stock). Seeing that the price dropped a fait amount, shorters might take profit and it will propell the stock higher.
It is also testing it's 21dMA. 3 times now. Like its knocking on the door before coming in :).
Could also fall further. depending on what happens, i will probably only add to my position, not sell because the upside potential.
Trade closed: target reached
It was a very easy 30%. It did 72% to the top, so plenty enough time to sell.
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