Leave you guys with a little subscription-only info from outside site. I typed in "SI" and hit enter, nothing else. Then the app told me this:
BULLISH
[Positioning] Short term extreme pullback, expect pullback to pause/stop.
[Positioning] Extreme Oversold, odds definitely favor long trades.
[Positioning] Excessive Down trend (1 month), not sustainable, occurs only 3% of the time, expect trend to turn sideways or higher.
[Positioning] Intermediate trend bullish, Unsustainable downtrend, may turn sideways or reverse.
[Positioning] at support
[Timing] Extreme 3 day distribution, but when the stock is oversold this can be considered bullish.
[Timing] breakout watch above 2.55, no resistance in area just above.
TARGET 1
Price: 3.8 Profit: 64.5%(Typical rally)
Stop/Trailing Stop: 1.96 Loss: 15.2%
P/L Ratio: 4.2 : 1 - Excellent
POTENTIAL
Excellent, there are 0 resistance areas on the way to Target 1.
When there are few resistance areas, stocks may quickly rise to targets.
TARGET 2
Price: 4.23 Profit: 83.1% P/L Ratio: 5.5 : 1 - Excellent
••••
So they see a breakout over 2.55 with minimal resistance.
Sleep well, longs.$Silvergate Capital(SI)$
Comments