SOS trade ideas
ADS w/Tiny Float Strong Momo. 20%, 100%, & 500% Targets Squeeze!$39M mkt cap Chinese Company, moved operations to US to mine bitcoin. It has 4 times the cash as the market cap due to several offerings to raise that cash to buy $100's of millions in Commodities and bitcoin miners. Has been slammed short by short seller reports. With bitcoin raging this is going to run quick. Was up 40% on Tuesday and short sellers slammed it back down Wednesday, so short interest is even higher. Could see more gains than $HKD here.
$SOS Bullish despite recent news SOS recently had an offering, so i get it if you are done with the company. However, when trading with technicals , it is best to avoid focusing on fundamentals and feelings about a certain stock. I see SOS currently in a huge buy zone around $.50. RSI is currently approaching a similar level when SOS ran last year. CM Williams VIX also indicates a change in buyer sentiment, which combined with a strong support zone, can help us determine when SOS may begin to reverse within this buy zone.
*Disclaimer - I do not own or trade BTC personally. I do trade BTC related stocks and alt-coins. This is only my opinion based on technicals I see.
updated SOS analysis ✅last tim sos bottomed in 2020 it hit low of .51, this time around it was .56.. technically made a higher low bounce which is bullish.
as long as .56 holds we could head back to 3.51, but I would wait for trend resistance to break first as confirmation.
neutral at the moment, like and follow for more! 💘
Potential reversal, but keep your eyes peeled Break over the daily 20ema with parabolics supporting price and its off to the races. 80c first target at the 4hr ema100. Then 85-90c at the daily 50ema.
With the market we're in, there is a lot of risk on the table. Don't fomo into things. Wait for clean breaks.
Your insurance in this market is being late.
SOS gearing up to gap fill Not a financial advisor.
SOS has been beaten down tremendously in the market.
It has been making progress with a reversal. Another thing to point out is that the company hasn't had any updates in quite some time. It may be a time to address the holders here soon.
Once SOS gains a little traction there is a gap to fill to $2.05 Which would get us above the 200 MA
RSI curling up
MACD cross bullish already
TSI crossing bullish to signal strength as well.
Likely the last time you see SOS under a $1 in Feb.
SOS short term target 1.50-2Although I'm a bear in the market on a macro scale. I do believe that we will see a Christmas rally in stocks as VIX is pointing oto $13 in January. You could probably throw a dart at the wall and buy a stock right now and make a quick buck for a 2 week hold. I choose SOS as it has a very nice wedge formation.
SOS Limited (SOS) - Currently at entry for a long with good R/RGood risk/reward for an entry here measured to first PT. This is the most reasonable place for a bounce and a decent long entry IMO. I'm scaling in here with a stop loss in red as pictured. Trade at your own risk with your own due diligence.
$SOS - Dead cat bounce or bottoming?SOS is sending out distress signal (S.O.S). The stock looks to be in bottoming process but still too early to tell.
You would want to see stabilization between $1.62 and $3. $1.62 is a strong support area. Breaking below $1.62 would be bearish.
If you zoom out the chart you can take Jan, Feb 2021 price action as dead cat bounce. Which looks quite bearish.
I would not touch the stock until sentiment changes as there are way better plays elsewhere.
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How to read my charts?
- Matching color trend lines shows the pattern. Sometimes a chart can have multiple patterns. Each pattern will have matching color trend lines.
- The yellow horizontal lines shows support and resistance areas.
- Fib lines also shows support and resistance areas.
- The dotted white lines shows price projection for breakout or breakdown target.
Disclaimer: Do your own DD. Not an investment advice.
