QubitKernel

QubitKernel Updated 

It broke above 50 SMA and out of the channel in the week of April 22, 2024. Made good progress but broke below the 50 SMA and further the higher low of the week June 03, 2024. It is forming a bullish megaphone. In the near term, $47 is expected by next earnings. Holding January 2026 $50 calls.

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This is back above 200 SMA. Bollinger Bands are getting squished signaling an explosive move. Last time they were this tight was on November 20th, 2020 and it went up 147%. 50 SMA is about to cross over 200 SMA. $36.50 is a must clear level.

QubitKernel Updated 

We are still in the year long channel. It is about the test the 3rd bounce off of lower boundary of the channel. This is a stock with 1200% upside. At the time of writing, 3 analysts have a combined price target of $9.84. I hold, both, March 2025 calls and stocks.

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All 3 are favorable. Volume is increasing. MACD turned Bullish and RSI shows Bullish Divergence.

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Bollinger Bands are constricting. If the red base/support holds, it may squeeze up. This is one of the few well know cryptos that has not pumped.

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The chart combines the 3. The center blue horizontal line is the 0 line. When the yield curve "un-inverts", as it is happening now, recession follows.

QubitKernel Updated 

It has been in that triangle for almost 2 years now. Tagged the bottom of the triangle multiple times and could break upward out of the triangle. And RFK jr. policies favor this.

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We have 3 things in favor that signal more bullish momentum. Given the Inverse Head And Shoulders and bullish MACD, it is likely that contracting Bollinger Bands will lead to the price moving upwards.

QubitKernel Updated 

With no sell rating and 5 analysts sitting on sidelines with HOLD, it is only a matter of time before it gets upgraded. On every metric it is either NEUTRAL or BUY. A very conservative price target would be .618 FIB ~ $60.

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While it can explode in either direction (as signaled by Bollinger Bands contraction), given that it has already corrected significantly and that we have a double bottom, it more likely to move up towards the golden pocket. Expectation is $19 by next earnings.

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With today's great earnings, it has moved up and is about to attempt to break above the 24 month long trend line. With that break above, it will also break above 50 SMA. $20-$22 is the near term target.

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For the first time in 16 months, it has broken above 50 SMA. MACD turned bullish few weeks ago and is about go positive.

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Cannot say it has bottom until it breaks the red trend line. Expecting something similar to NASDAQ:MRNA price action. (See my chart for NASDAQ:MRNA ). Then upward struggle to break about of channel and meet .5 FIB at $31.

QubitKernel Updated 

It has broken above the trend line and I believe the stock has bottomed. Even though the price targets have been lowered, it will likely fill the gap in the golden pocket zone. Hence $103 by Feb 2025.

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As you can see, we have VWAP from week of October 10th, 2022 and 200 MA marking a confluence at the lower boundary of the channel at around $118 which is .718 FIB.

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As you can see, it is at multi-year support and is in the process of bottoming. No fundamental news yet (except for JP Morgan's top sustainable pick) in the recent times. However, purely based on technicals, it apparently poised for an upside.

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Call it what you will. I see both, a cup and handle and an inverse head and shoulder, the measured move, if it plays out, will be epic. Volatility will soar through the roof in next 2 months.

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Broke above the trend spanning across 30 months. It is, right now, just below the 50 SMA. This is its 5th attempt to tag and break above 50 SMA. Next resistance at $15.