(SOL) solana "resilient"Solana appears to be holding a strong flat pattern throughout the duration of the trending cycle of moving averages with the holding pattern reaching a resolute moment where the unknown may prove to be postively received, or negative if the MACD lines fall beneath the 0 neutral measurement. Solana is not immune to losing in price; it is capable of gaining too though.
SUM
What if Citron is right?Current market cap = 14.889b
FY 22 sales = $2.57b
Price to Sales ratio = 5.80
Etsy has been accused by citron research of selling counterfeit products look at the below tweet for their reasoning twitter.com
Now here are the 3 big questions to be answered
1. Will ETSY face legal problems in removing all counterfeit products?
2. What % of their 2.57b revenue comes from that products?
3. How much will they have to cut on their ads spend once they deal with this potential problem? how will that affect their sales numbers in the future?
I don't think Mr market likes companies in that kind of legal trouble!
$12 market price = $1.48b market cap ;)
P/S = 0.5-1 ???
My gain is your loss ;) it's a zero-sum game after all.
Do your own research!
Look first / Then Leap
$MLM Ascending Triangle$MLM forming an ascending triangle & is in a squeeze on the daily chart with momentum turning up. $MLM is a public construction company & is moving up nicely with peer construction material company $SUM & $MTZ. Long all three here into their respective triangles. Looking for breakout & daily squeeze to release by end of September as per trend support line.