Nerdy | NRDY | Long at $0.84Nerdy NYSE:NRDY - a pure technical analysis and "insider buying" play. Gamble - nothing else. CEO and Director are grabbing millions of dollars' worth of shares under $1. Float: 66 million. Short interest: 8%. Historical simple moving average approaching price, which often leads to a jump (but this may take a while...). Delisting, bankruptcy, etc are absolutely possibilities, too...
Rolling the dice at $0.84.
Target #1 = $1.00
Target #2 = $1.25
Target #3 = $1.45
NRDY
How to trade NRDYNRDY, now at 2.95, on Mar-01-2024 :
As per ongoing pattern , this can take support at 2.5 and
target price in an year looks like 5.4
Should exit below 2.3
Suppose this takes a flat pattern, then this might not fall till 1.6 and reverse.So be ready for this also and plan for fund allocation and weightage allocation.
FYI, i have invested little in this and will hold for 1 year or till the target price is achieved.