SDC - LONGERTInteresting spot here for SDC.
This idea is based purely on the mega low volume sell off for the majority of yesterday placed in blue and price getting above that today.
200H MA holding price also. Might as well give it a go to attack the gap at around 1.60.
Needs to hold pretty strong above orange. Could possibly wick below to clear people out, but no action below there or else I'm waiting for a better set up
SDC
SDC UPTRENDING PENNY STOCK ( on NASDAQ) 80+% monthly gainNASDAQ:SDC
SDC is the ticker for a company that makes orthodontic mouth guards
customized for each customer cutting out the orthodontists.
Recently it has been in uptrend over the past month of more gaining 80% in the
past month. The K/D crossover on the RSI supports the end of
the current micro dip making an entry point.
A good stop loss is the recent low at 1.62 while a target might
be the recent high at 2.06
The options volume of the $2 strike is fairly light.
This is a potentially low risk penny stock now set up for
a long trade.
Way oversoldI believe this should squeeze to 4 area. Because it's way oversold at this point. We might even break the channel and make a new one. Because if it keeps dropping like this it will be bankrupt in not even few months. Which seems unlikely to me.
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SDC SmileDirectClub at 52 week low!SDC reported a loss of 23 cents for Q3, wider than the year-ago loss of 11 cents.
Zacks Consensus Estimate was a loss of 15 cents.
52 Week Range 3.90 - 16.08
Do i need to mention that SDC is trending in the top 5 stocks of WallStreetBets?!
And that it has 10K calls this week?!
And that 32.74% is shorted?!
Looking forward to read your opinion.
My short term price target is 7usd.
SDC at support level!The lowest price ever is 3.64, breaking below this level is less likely!
SDC has a high short interest of 27.2% which needs +3 days to cover!
It could be a good target for a short squeeze before December 17, 2021, after it finds a support level.
closing long position could be a good idea if we see it closes below 3.64 in the coming days!
Best,
Moshkelgosha
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SDC Long Im holding quite a few shares of SDC my pt for SDC is back to the $16.80 area and if it breaks above then maybe $22.00 or so.
SDC has build a huge falling wedge on the Daily and at the bottom of this wedge is what I like to call the Pre Breakout pattern.
SDC LONG AF UPDATEDSDC will moon in coming time.
Not sure when but it will.
#SDC20
LFC
Not financial advice.
SDC | InformativeNASDAQ:SDC
I expect consolidating between 5$ to 5.70$
Bullish
Above 5.70$ is bullish and TP1:6.23
Bearish:
If it lose 5$ then TP1: 4.80$ and TP2: 4.60$
This is my idea and could be wrong 100%
Long | SDCNASDAQ:SDC
Possible Scenario: LONG
Evidence: Price Action
TP1: 6.5$
TP2: 7$
Call options, Strike 7$, 01/21/2022
Call options, Strike 6$, 10/29/2021
*This is my idea and could be wrong 100%
$SDC long targets FIRST target is 12 and then second is 15
$SDC on daily time frame holding above the 6.40 (probably acting as new support).
If we follow my fibs, there's a chance maybe by next year, $SDC can be in the 10+ ranges.
Full Disclosure: I own 2641 shares of $SDC avg 6.00.
SDC TARGETS STOP LOSS
TP1 12 10
TP2 15 12
TP3 20 17.65
TP4 25 22.35
TP5 36 32
There is a major confluence around 9 dollars.
Long | SDCNASDAQ:SDC
Possible Scenario: LONG
Evidence: Price Action
TP1: 7$
TP1: 8$
*This is my idea and could be wrong 100%.
$SDC is looking really bullish on Weekly ChartSmileDirectClub Inc is looking very bullish on Weekly Chart. It has also formed a double bottom pattern indicating bullish momentum and trend reversal. Short interest-related data is screaming that shorts are trapped. Social media interest and Wallstreebets are hyping the stock. CFO is engaging in marketing activities. This can really run higher.
WallStreetBests Brings You $SDC Short Squeeze Play!Once in a while, Wall St. screws up. They get so greedy shorting a stock that they forget how it can blow up in their faces. $GME $AMC were some of the eg. of Wall St. short positions blowing up.
$SDC is showing the same characteristics. The stock has been beaten down for a few months now, but the momentum changed in August. Bulls returned and were successful in breaking the downtrend. Shorts had many chances to cover in the past few weeks. But guess what instead of taking their profits, Wall St. got greedy and doubled down. Now in the past few weeks, retail interest has grown, social media hype has increased, the news cycle has changed, and the broader health care sector is catching a bid. Demand for the stock is growing and this is very problematic for shorts. The cost to borrow shares for shorting is going through the roof, currently at 92% interest rate.
If this demand for shares continues we will be seeing parabolic moves in the stock in addition to 30% increase in the past 2 days. So get ready this is going to create headlines and I think the move up is just starting.
Watching SDC ::EYES::Could be a nice breakout on volume here and a potential backtest of the trendline.
weekly breakdown @ 6.86. weekly close above that would open the door to move higher
$SDCSmileDirectClub Inc gained Thursday morning, with the stock rising 1.60% in pre-market trading to 6.36.
SDC's short-term technical score of 14 indicates that the stock has traded less bullishly over the last month than 86% of stocks on the market. In the Medical Devices industry, which ranks 118 out of 146 industries.
SmileDirectClub Inc ranks higher than 23% of stocks.
SmileDirectClub Inc has risen 28.02% over the past month, closing at $4.91 on August 26. During this period of time, the stock fell as low as $4.91 and as high as $7.42. SDC has an average analyst recommendation of Sell.
The company has an average price target of $7.75.
This stock has heard a lot of noise recently especially on Twitter but it hasn’t really been on my watchlist.
Until price falls around the $4.50 area, I’m really not interested.
For me, that seems to be a strong area of support.
I’ll be keeping alarms on.
Also, when we move down to the daily chart you can also see price ran to fill the gap and has now continued its way down.
MACD coming back down
RSI below 50
Keep your eyes on this one.
- Factor Four
SDC SmileDirectClub short squeeze candidate?32.82% OF FLOAT SHORTED.
Bullish on option calls.
Average Volume: 11,003,726! High!
One of the top mentions on Reddit!
52 Week Range 4.63 - 16.08. close to the all time low now!
My price target is the 8.7 resistance.
SmileDirectClub SDCSmileDirectClub, Inc. operates as an oral care company. It offers clear aligner therapy treatment. The company manages the end-to-end process, which include marketing, aligner manufacturing, fulfillment, treatment by a doctor, and monitoring through completion of their treatment with a network of approximately 250 state licensed orthodontists and general dentists through its teledentistry platform, SmileCheck in the United States, Puerto Rico , Canada, Australia, the United Kingdom, New Zealand, Ireland, Hong Kong, Germany, Singapore, Spain, and Austria. It offers aligners, impression and whitening kits, whitening gels, and retainers; and toothbrushes, toothpastes, water flossers, SmileSpa, and various ancillary oral care products. The company was founded in 2014 and is headquartered in Nashville, Tennessee.
SDC triangle formingbig move coming either to the upside or downside. i think this moves back down because theres a gap to fill from 6.35 to 6.00. could be wrong. lets see who wins bulls or bears
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Long | SDCNASDAQ:SDC
Possible Scenario: LONG
Evidence: Price Action,
TP1: 6.60$
TP2: 8.30$
TP3: 9.65$
Call options, strike 10$, 10/15/2021.
Call options, strike 7$, 01/21/2022.
*This is my idea and could be wrong 100%.
A review on the watchlist I shared last week..!
In this post, I want to review the outcome of the watchlist I shared on August 28, for the stocks with short squeeze potential.
30 out of 50 finished the week with profits(60%)
10 have +10% gain(10-32%)
The worst outcome was (-7.99%)
These results clearly show we should take the Quadruple Witching phenomenon seriously, and most heavily shorted assets will experience nice rebounds weeks before these dates!
The Next 3 Extravagant Weeks ahead..!
www.tradingview.com
1- NASDAQ:KNBE
2- NASDAQ:KIRK
3- NASDAQ:FFIE
4- NASDAQ:GDRX
5- NASDAQ:BGFV
6- NASDAQ:ATER
7- NYSE:SKLZ
8- NASDAQ:SDC
These results are far better than WSB's top 50..!
Regardless of fundamentals, any asset has the potential to make you some profit at the right time..!(Mosh)