SOS trade ideas
Long setup in SOSThe chart is consolidating and looks set to start uptrend. Possible could double in long term, Stop loss: 2.9
Disclaimer: The stock/index/currency discussed do not constitute Investment/trading advise and is merely an effort towards enhancing learning, knowledge and book keeping. Kindly do your own due diligence and/or consult investment advisor before making any investment/trading decisions
$SOS moving into strong impulse area. Good Afternoon all.. So I have been using Wyckoff modes phoenix ascending indicator for some time now and find it to be fairly reliable.
Seen below, there have been bullish moves whenever the green MA crosses over the blue MA. There has been sustained bullish movement when the green line rises above the white energy.. all of this analysis can be learned from the excellent videos that he posts. I am paraphrasing, but from my understanding, when the red line is above the 58 mark, green line is above the white energy and the white energy cloud is large, this can mean that a substantial move to the upside should occur.. all three have now happened on the daily chart. I am long $sos with a substantial position and expect the end of the week to continue on this path with nextweek making a serious move upward. Not financial advise. DYOR. s3.tradingview.com
SOS potential reversal coming soon by end of June?!?! The fundamentals are good for SOS. I like the company, but the stock is shit. I believe now, because of SOS's breakthroughs in renewable energy and in their growth in mining, the stock will begin to go up. Take a look at my chart and criticize or confirm it. Thanks.
SOS 5/25 Update.SOS's next quarterly earnings date is scheduled for June 21st, 2021 per marketbeat.com . Not formally confirmed.
Here's my price prediction based off of what's going on now.
- The crypto markets are recovering, and there's been suspicion of hyper inflation on it's way.
- China banning crypto is not news that new. Crypto has always been the enemy of China. But remember SOS is more than a crypto mining company + they are growing their operations in the United States.
- Once again, I don't expect to time SOS accurately. I am just happy to hold and pick shares while they are cheap.
- This is just speculation if everything in the market is perfect. But as we know, there's a lot going on.
Only invest what you can afford to lose because you might not see that money back for a while. Keep an emergency fund. And do your own research before investing your money in the markets.