There’s a lot of hair around this one but it’s being talked about on a lot of various subreddits (not WSB because it’s micro cap). The theory is summed up in the thread linked above. Requires a lot of assumptions and somewhat tin-foil hatty, but trying to make sense of it. Would love the group’s take. Apologies if this is a completely horrible take lol - I am trying to learn and thought I’d add some activity to the forum while I’m at it.
Personally not invested in this anymore it’s just an extremely risky play. Do you own DD and take profits when you can. Way too many people have been burned by prog in the past.
The people spamming the ticker are fking annoying, but after reading the DDs I don’t think the theories are too far-fetched. I don’t have my own extensive DD or anything else to add. I’m in on the play.
I realized gain yesterday. Not at the peak, but 2.38 was nice % (small position, but gain is gain) Thinking about buying again some shares at 2.0, but that’s only betting there’s hype left
4 Hour Chart, Bollinger Bands looking to tighten up for a possible squeeze (again, either way).
Next 2 zones are October 29th and Novembe 18.
It’s already trying to break through the wedge, right after I drafted the Fib Extension.
Looks to be a bullish wedge, obviously, but we’ll see.
*Full Disclosure, I only have 300shares as current position.
*As always, I play Calls/Puts depending on the Momentum, News, and Chart bias.
