$PSQH – VCP Action After +270% Surge on Donald Trump Jr.’s Board Appointment

jfsrevg
12-16

$PSQ HOLDINGS INC(PSQH)$ – VCP Action After +270% Surge on Donald Trump Jr.’s Board Appointment

While I’d steer clear of this company’s growth metrics despite its inclusion in this week’s 'Strongest Growth Stock' results, the stock exhibits strong momentum-driven characteristics within its current capital structure. It’s a $183M microcap with a 17% ADR, trading on $20M average dollar volume (5M average share volume).

The stock is showing VCP-style action after breaking above the 200-MA for the first time in 14 months, following the announcement of Donald Trump Jr.’s board appointment earlier this month. 2.8 x ATR% from 50-MA, and currently nested above its rising 10-MA.

''PSQ Holdings, Inc. develops a values-aligned platform for consumer members. Its consumer members with traditional American values can connect with and patronize business members whose values align with their own. Customers are able to search for and shop businesses offering products and services both locally and online. It operates through the following segments: Marketplace and Brands. The company was founded in February 2021 and is headquartered in West Palm Beach, FL.''

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  • KSR
    12-16
    KSR
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