It looks to me like this chart has hit bottom.
The ATR is approaching a previous bottom, RSI is trending upwards, but price isn't quite following yet.
I'll save you some time doing DD - This company is a bag of crap - A huge pile of debt and cashflow concerns.
.. but it's always darkest before the dawn, and $80+ WTI and a pile of new orders is what these guys need to pull off their turnaround.
My favorite part about this one is that you can get in with your stop loss 10-15% below purchase price, and even if you're only playing the first obvious target level, you're looking at 45% upside.
.. and if that happens, it could happen in one day. This thing has a low float, you can see how volatile it can be.
Disclosure: I just picked up 10k in stock.
I'm mostly writing this this so I can show everyone that I'm a genius after the 🚀🚀🚀
I am just a dumb 🐵. I am most certainly not a financial advisor.
The ATR is approaching a previous bottom, RSI is trending upwards, but price isn't quite following yet.
I'll save you some time doing DD - This company is a bag of crap - A huge pile of debt and cashflow concerns.
.. but it's always darkest before the dawn, and $80+ WTI and a pile of new orders is what these guys need to pull off their turnaround.
My favorite part about this one is that you can get in with your stop loss 10-15% below purchase price, and even if you're only playing the first obvious target level, you're looking at 45% upside.
.. and if that happens, it could happen in one day. This thing has a low float, you can see how volatile it can be.
Disclosure: I just picked up 10k in stock.
I'm mostly writing this this so I can show everyone that I'm a genius after the 🚀🚀🚀
I am just a dumb 🐵. I am most certainly not a financial advisor.