$CleanSpark, Inc.(CLSK)$ $CME Bitcoin - main 2411(BTCmain)$ πΊπ ±οΈππ »π »π Έππ ·πΊ
β¨β‘π $CLSK: Charging Ahead into a Gann Breakout! β¨β‘π
Kia ora Tiger traders!
CleanSpark Inc. ($CLSK) is electrifying the charts with a π bullish weekly close and a setup that screams π±π±π± imminent price action. With 22% short interest, this is a prime short-squeeze candidate poised to blast past key levels. Buckle up as we dive into this high-voltage play!
π₯οΈ Chart Check: The Path to Explosive Gains
β’ Current Price: $15.10 as of 22Nov24, π³πΏNZ Time (+16.47% intraday gain).
β’ Setup: After a textbook bounce off the bull market support band, $CLSK is approaching a critical weekly Gann breakout level at $16β$17. A close above this zone could trigger an acceleration in price, with clear targets marked at $35, $50, and $64.
β’ Upside Targets:
β’ $35: The non-log target where scaling begins.
β’ $50: A key psychological level for selling stock.
β’ $64: The ultimate target for full asset liquidation.
β’ Support Zone: Solid support exists at $12.50, with deeper support at $10.00.
π§ Key Technicals to Watch
1. Short Interest: At 22%, this stock is primed for a squeeze. As the price climbs, shorts will scramble to cover, amplifying momentum.
2. Volume Profile: Increasing buy-side volume indicates strong accumulation, with institutional interest growing steadily.
π Capital Flow Insights
β’ CleanSpark is attracting significant capital flow, supported by bullish sentiment in the clean energy sector. The bitcoin mining angle adds another layer of growth potential as BTC prices recover.
π»π Fun Fact
CleanSpark is not just about clean energyβitβs a major player in the bitcoin mining sector, leveraging renewable energy to keep costs low. A rare combination of green energy and crypto innovation!
Happy trading ahead. Cheers, BC πππ
@Tiger_comments @TigerPM @TigerPicks @Daily_Discussion @TigerObserver @TigerStars @TigerGPT
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
CleanSpark, Inc. (CLSK) Stock Analysis
Company Overview:CleanSpark, Inc. is a company operating in the clean energy sector. In addition to clean energy, CleanSpark is also involved in the bitcoin mining sector, leveraging renewable energy to keep costs low.
Latest Earnings and Earnings Forecast:
2024 Q3 Earnings: CleanSpark reported an EPS of -1.03. Other financial ratios include:
Return on Equity (ROE): -65.96%
Gross Profit Margin: 56.60%
Quick Ratio: 2.36
Current Ratio: 8.94
Total Asset Turnover: 0.28
Inventory Turnover: 142.92
Return on Investment: -10.36%
Operating Cash Flow to Current Liabilities Ratio: -4.06
Fixed Asset Turnover: 0.67
Net Assets per Share: $5.95
Total Liabilities to Total Assets Ratio: 0.84%
Return on Total Assets: -22.20%
Net Profit Margin: -226.92%
Earnings Forecast:
2024FY Forecast: Estimated EPS of -0.62(USD), Gross Income of $397.32M, and EBIT of -$67.70M.
2025FY Forecast: Estimated EPS of $0.90(USD), Gross Income of $780.42M, and EBIT of $5.38M.
2026FY Forecast: Estimated EPS of $0.41(USD), Gross Income of $746.14M, and EBIT of $193.96M.
Key Technicals:
Support Price (as of 2024-11-22): $12.66
Resistance Price (as of 2024-11-22): $15.12
Average Cost (as of 2024-11-22): $13.38
Analyst Recommendations and Target Price:
Analyst Recommendation: 2 recommend, 4 buy, 1 hold.
Target Price: Based on analyst forecasts, the mean target price is $24.67, with a low estimate of $20.00 and a high estimate of $30.00.
Capital Flow Insights:
5 Day Capital Flow (as of 2024-11-21):
Inflow: -11,575.24K units
Outflow: -3,395.81K units
1 Day Capital Flow (as of 2024-11-24):
Inflow: $337 million
Outflow: $284 million
Stock Price:
Current Stock Price (as of 2024-11-24): $15.1
Conclusion:Based on the analysis, CleanSpark, Inc. (CLSK) has shown growth potential in the clean energy and bitcoin mining sectors. However, it is important to consider the inherent risks in the stock market and the normal fluctuations in stock prices. This analysis is for reference purposes only and should not be considered as investment advice.
Please note that the provided information is based on available data and may not reflect real-time market conditions.
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