CLSK trade ideas
Microgrids & Energy Management SaaS + Efficient Bitcoin MiningCLSK recently got affected by the COINBASE:BTCUSD pullback and attacked by short seller report. It is trading at a huge discount now. Cleanspark runs on a software-as-a-service (SaaS) distribution model and helps build microgrids. They have made a recent acquisition of a bitcoin mining facility ATL data center. This is a smart management that makes acquisition of great synergy, as the well known downside of bitcoin mining is the exorbitant electricity usage and costs.
The company has explicitly stated that their bitcoin mining would be profitable as long as bitcoin price stays above $6000. They can demonstrate the efficiency of their microgrid solutions on high-density energy operations through their own mining operations and will move towards the goal of mining bitcoins at the lowest energy cost in the United States.
Q3 Earnings 2020 (Not associated with bitcoins during then)
Nine-months ended June 30, 2020 Revenue of $8,073,781, up 283% from $2,109,542 in 2019.
Nine-months ended June 30, 2020 Gross profit increased 246% to $1,342,875, up from $388,054 in 2019.
Nine-months ended June 30, 2020 Net loss per share improved by $1.13 per share to $(2.32) from $(3.45) in 2019.
The future earnings reports from their bitcoin operations and actual use case will likely boost their core business and attract massive contracts. Upcoming Q4 earnings would include revenues from bitcoin and likely positive guidance for the rest of 2021.
I'm already in at $18 but am looking at $50, $80 or higher as price targets. Current price near $30 and $25 may be good levels to enter/add. Huge potential ahead, will have to see and act accordingly as it progresses through the year.
Shake out completeThis move looks a lot like the previous shake out.
The top was followed by a ~60% move down and should rebound here.
The last large move was ~11 up and ~4 down or about 40% pullback...if we follow the same trend, the pullback on the current move of +33 should have a down about 13-14 which would be around the 30 support level the stock is currently sitting on.
CLSK: Bullish Pennant, confirmedBullish Pennant, confirmed
Pros:
Descending volume during formation
Volume increase at break out
PPS above 50MA and 200MA
RS above 0, and ascending
ATR Ascending
R/R ratio above 8
250RSI above 50
200MA ascending
Target:
PT = 35.96$
nice chart herebut i think it may be too late, i think we can see some resistance around 25 and a big pullback. but ive been wrong before! imo theres some better options in the market right now that havent had such a crazy run up yet. gl if you get in though! <3
Broke resistance. confirmation needed.CLSK finally saw a move up. Confirmation needed to confirm the break of line of resistance. CCI is pointing upward which signifies the uptrend is gaining momentum. Next price target would be previous highs we hit earlier in the year which was 15 dollars. Long bullish on CLSK and will not sell anytime soon, but will consider adding to my position.
Trading sideways. CLSK seems to be trading sideways. Could be a good entry point. Great company and i remain bullish on them.
Testing resistance. CLSK keeps wanting to test the line of resistance. We seem to get rejected close to resistance. We need volume to pick up and some good news.
I think I have Clean Spark's number here. Target $15Looks like an ABCDE triangle pennant thingy into resistance then form a handle and go, after a fight past historic triple top resistance. Should see $15.
Not investment advice. You can lose all your money, yada yada
CLSK callsChannel uptrend
RSI at medium
Steps forming on daily
Has gap up to fill until next resistance
Watch for a build going into earnings next month and its one of the few EV stocks that havent
Bullish engulfing confirmed
Basket of Green Energy stocks VS the Mighty Bitcoin...for nowBitcoin is the best performing asset the last couple months. But...Green energy is kicking its hiney.
Not sure how long this will last but by looking at XLE, shown, which appears to be forming a bottom, it could go on a while.
Double bottom on CLSK Weekly chartGet ready. New volume and life in this stock. Stochastic turning up on Weekly chart with a double bottom pattern.
Target #1: ~21
Target #2: ~30
Target #3: ~41
Electric, Tsla etc... BLNK all in the same category ish
50% RETRACEMENT - LOOKING FOR LONG ENTRYWait for fake out, then look to get in after second confirmation.
Bounce off support.This is a Great company in my opinion. This is the future and they keep landing these new contracts, and that interview on youtube with the CFO is very enlightening and exciting. Hopefully this can be the start of an uptrend for CLSK. At the time of writing this all of the market is in green with election day just hours away.
CLSK LONG into earnings. In oversold zone looking like it will turn over.
clearly bouncing off resistance point.
Long into earnings which is Dec 22nd.
MACD rolling over as we speak which is great.
Only 2 problems:
1) Uncertainty because of US elections.
2) I wana see more buying volume before I cost average my position.
So I am still waiting a little bit... Im deciding if I wana pump my position here or in BLNK. Tough choice.
CLSK, LONG: INVESTING the only sector I am even kinda bullish for long term is energy (even though I believe we are heading for a deflationary secular downtrend).
However, the more I hear people talk about the "market is crashing" the less I believe it can happen. So I am trading against my thesis here; and buying some CLSK for long with a small position.
I originally was long at 2 dollars here, getting back in to hedge against bearish positions... if inflation does happen post election; the energy sector is the most A symmetrical bet I can make.
CLSK has the patent for micro grid technology.... huge untapped market that will be introduced to multiple systems as the U.S. diverts from oil dependency. Do your DD... big things coming.
I'm also gonna grab some IYE and XLE for the 8% dividend yield as well.
GL!
