CLSK trade ideas
$CLSK PT 40 and higher, BTIG reiterates buy ratingCleanSpark, Inc. provides energy software and control technology solutions worldwide. It offers distributed energy systems that allow customers to design, engineer, communicate, and manage renewable energy generation, storage, and consumption; and microgrids, which comprise generation, energy storage, and smart distribution assets that serve a single or multiple loads connected to the utility grid and separate from the utility grid for commercial, industrial, defense, campus, and residential users. The company's products include mPulse software suite, a modular platform that provides intelligent control of a microgrid; and microgrid value stream optimizer that offers a robust distributed energy and microgrid system modeling solution. It also provides critical power switchgear and hardware solutions, including parallel switchgear, automatic transfer switches, and related control and circuit protective equipment solutions; technology-based consulting services comprising design, marketing/digital content, engineering and SalesForce development, and strategy services; and distributed energy microgrid system design and engineering, and project consulting services. In addition, the company offers open automated demand response (OpenADR) and other middleware communication protocol software solutions, such as Canvas, an OpenADR virtual top node built for testing and managing virtual end nodes; and Plaid, a software solution that allows internet connected products to add load shifting capabilities into APIs. Further, it owns a gasification technology and process for converting waste and organic materials into synthesis gas, which is used as fuel for power plants, motor vehicles, jets, duel-fuel diesel engines, gas turbines, steam boilers, and as feedstock for the generation of di-methyl ether. The company was formerly known as Stratean Inc. and changed its name to CleanSpark, Inc. in November 2016. CleanSpark, Inc. was incorporated in 1987 and is based in Woods Cross, Utah.
Cup and HandleI apologize, for some reason the other chart I uploaded looks like it is compressed like no other. Maybe it's because I had the chart sideways when I uploaded it. oh well.
CLSKThis chart reminds me of $VISL. Another monster chart ready to form. PT is $54 for a %150 profit take. I'm on the 1-week chart so expect this play to roll throughout the summer months if you have the patients. I'll be rich by Christmas for the kids' gifts(;
Cup and HandleSo while on the stock app StockTwitz that trolls people for having ideas. Someone tagged CLSK on the NOK page. Looking at the weekly chart, I noticed Immediately the massive cup and handle. Unfortunately I caught the entry a little bit late but hey, I made an entry at $20.12 right above neckline $18.60. with a Stop Loss at $13.98 for hunters
Now since this being on the weekly chart. This can take several months to hit the desired target.
To calculate Target price take the height of the cup to the lowest point. X2 which is roughly $71.
I cant stress enough. Always set a stop loss. People have the misconception of "What if"... It never works that way.
Trade Safe
- Spoofy
CLSK to the moon?CLSK is in a downtrend here, we could see a big breakout to 30+ if it clears 25 resistance area, on watch. please like and follow if you enjoy my ideas :) thanks!
CLSK ready for some upside? good dip entry for CLSK here, target would be 28-29 before i expect a pullback to happen here. big top trendline resistance here so look to take profits there if it doesnt break. goodluck traders!
Clsk 🎈I was waiting for a wave 2 pullback, and it came sooner than expected due to the offering earlier this week; but the beautiful thing about this pullback, it landed directly into my golden zone where I became a buyer.
Wave 3 target is $55, will probably exit 75% of my position closer to there.
Longer term target sits at $97 for wave 5.
$CLSK LongAbove $31.31 I can see CLSK moving to $40. CLSK has recovered all of its moving averages and MACD crossover is bullish too.
clsk ♥one of my favorite stocks in this market,
my avg was around $2 :], been watching it ever since.
if you aren't yet in, there's going to be a very clean trade soon from around $25 to over $100.
Penny Stock - ClskLeader in Energy and control technology .
Amazing Balance sheet .
CleanSpark Inc have a median target of 50.00, with a high estimate of 50.00 and a low estimate of 50.00. The median estimate represents a +63.77% increase from the last price of 30.53
Strong Support around $25 for CLSKGreat sell-off, bouncing off support. Selling a bull put credit spread 25/22.5p 3/19. 60% ROI
CLSK Elliot Wave analysisCLSK has acquired ATL and got into bitcoin mining. They mine BTC for $6.5k and currently selling it $58k>!! But CLSK isn't only bitcoin . They also produce integrated suite of software that provides end-to-end microgrid energy modeling and management.
Pricetarget shortterm $70 (elliotwave final 5th wave)
Pricetarget longterm N/A. Will depend on if bitcoin falls or keeps rising and if they can keep innovating in microgrids and make it a good profitable business so they don't rely on bitcoin for income anymore.
~slippe
CLSK Elliot wave analysisCLSK has acquired ATL and got into bitcoin mining. They mine BTC for $6.5k and currently selling it $58k>!! But CLSK isn't only bitcoin . They also produce integrated suite of software that provides end-to-end microgrid energy modeling and management.
Pricetarget shortterm $70 (elliotwave final 5th wave)
Pricetarget longterm N/A. Will depend on if bitcoin falls or keeps rising and if they can keep innovating in microgrids and make it a good profitable business so they don't rely on bitcoin for income anymore.
~slippe
Clean Power - Textbook Cup and Handle - Bullish!This is one of the prettiest bullish charts we've seen in the clean energy sector. We are targeting the 1.618 fib extension price of around $80.
H.C. Wainwright boosted price target from $24 to $50 Bitcoin believers are reaping the rewards and H.C. Wainwright analyst Amit Dayal thinks the surge merits a rethink for his CleanSpark (CLSK) model.
The analyst boosted his price target from $24 to $50, suggesting upside of 72% from current levels. Accordingly, Dayal’s rating stays a Buy.
The reason for the new bullish target is easy to explain. The microgrid software specialist has been growing its Bitcoin mining capacity and with the rising Bitcoin price, CleanSpark will be raking in additional revenue.
However, the problem with trying to estimate projected revenues for any company involved in Bitcoin related endeavors is extremely difficult due to the constantly moving goalposts, especially when looking several years ahead.
The Bitcoin contribution to CleanSpark’s balance sheet is set to increase. The March quarter will see a full quarter of Bitcoin input, with production bringing in between 1.5 to 2 bitcoins per day as the hash rate has increased from 200 PH/s in December to over 315 PH/s in February.
By early 2H21, the company expects to have an extra 800 to 880 PH/s of processing capacity which should grow the total Bitcoin mining capacity to between 1.0 and 1.3 EH/s.
finance.yahoo.com
$CLSK reached Target #2.$CLSK his Short term target area #2 yesterday. Inside trading candle forming today, a nice development over the next few day should occur before running higher.
Nearing new 52-week highI’m looking to see if this will test and breakout to a new 52-week high tomorrow. Multi-year resistance set around 46 for one of the most pronounced cups I’ve ever seen. Good gamma setup for Friday, February 19th.
CLSK - February 18, 2021CLSK potential for a second day play after reporting strong bitcoin mining revenues at 89% gross margins.
