Long

Lagging AI/Crypto Stock? Upside potential?

Hello, Traders! I have come across an interesting opportunity today.! SOS looks to have formed a solid demand zone near $2.25-2.50.. There has been a lot of speculation behind this company in the recent year and had a massive dilution in shares this year.. From about 24 million shares to 184 million shares roughly. The company has not released an earnings report all year but provided Fiscal 2020 earnings, essentially since they began mining crypto.. We should see earnings within the next 2 months.. Although volume has remained low recently with upcoming catalysts many big players will have they're eye on this one.. Weekly Chart shows we are consolidating under the previous Lower Low in the downtrend, which is also the yearly low. Buy Limit set at $2.67! Triple Bottom bottom pattern on Daily Chart should allow this stock to test the $3.50 daily resistance once again (1st TP). A break above this zone with strong daily closure will take the price to $4.75-$6.00 (2nd TP), respectively weekly resistance. A break above this zone will allow a test of the $9.25-$9.80 region where daily gaps down have yet to be filled. (3rd TP). A Break below $2.25 will invalidate this trade (SL for swing trade).

DaReal1

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