Hi guys, i really like this company i missed it last week, it was an easy long off d leg, looking for retrace for entry, a follower ask how to determine risk, please see chart, and thanks for looking, this company has potential, Also guys this is not the only pattern i know, but it works and well, i will do more harmonics later in the week
Waiting for price to dip to buy zone
I see an Elliot Nest and measured move to $50 range. Gap to clear at $45 but MacD looks calm and collected before a big move up. And look at the Money Flow!
47.27% institutional ownership, backed by BlackRock, Vanguard, Invesco, JPMorgan, Morgan Stanley, Goldman Sachs, among others. 50% below its all-time high from September last year. Touching a support level around $35, it can hit $ 40-45 on a bounce. The next bottom is at $30. A triangle is closed, the break is close. Vroom is "a New York City-based used car...
Huge Potential💪
NIO is overprice and the whole tech sector (and especially the EV sector) is in a bubble, so I would like to short NIO. On the other hand, what if this bubble will last many more months? So let's long VRM (that should be able to sell used Tesla or any other EV car as well and will do well even if the whole market shifts to only EVs). From the TA point of view, on...
Superbowl rumour floating around. RSI oversold at 38, Stochastics oversold and crossing over. Targets 39.50, 41.50, 42.80, 44.40, 46.50.
Summer IPO that faded out and long overdue for a rebound given the rally. Retail is bored with it and HF have been accumulating, particularly some top performing ones. Earnings in early February. Equal legs target $68 if above $30-32. Strong historical volume at these levels and declining volume/bullish consolidation over the past few months, while everything...
I can predict 2 possible moves in VRM, lets see
VRM is not a super old stock..not as new as some on the market, but relatively new to the arena. It went down below it's IPO price and is just now getting back above it. The Falling Wedge is a bullish pattern that begins wide at the top and contracts as prices move lower. This price action forms a cone that slopes down as the reaction highs and reaction lows...
SHORT TERM: Trying to Triple Bottom at $33 with classic bullish divergence (Not financial advice)
I think the short term thesis here is really strong and the mid-term thesis is also strong.
I know this space. In my opinion VRM is ready to rally. If you believe in parity Carvana should be cheaper and Vroom should be more valuable. Related symbol of interest is SFT (Shift Technologies) I think either VRM or CVNA could end up buying shift. That said Vroom is a lot bigger and I like the stock set-up for a nice rip.