Thursday, August 25, 2022 9:03:30 AM
I don't trade based on the stocks fundamentals, I trade based on the chart.
Since swapping from fundamental based trading to chart based trading; I'm up multiple hundreds of percents.
I see this hitting between 1.50 to 1.80 as the low before a run. Run size depends. I'd say 2.50 is minimum the run will be. Maximum will be 6.00. With 3.00 to 4.00 being fairly reasonable price targets.
Price will be maintained at least one week, chance of forming multiple cup/handles off multiple levels as it climbs.
Staying in past initial run may make you more money by multiple 100%, but risk goes up incredibly. That's where fundamentals would start to come into play, and there's no way in hell this is worth more than $6 per share. I'd expect a pretty hard crash when you get to those upper bounds.
It's incomplete information though, because we're still forming the bottom and my opinion will change based on what occurs over time.
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