If you're bullish bitcoin then $Marathon Digital Holdings Inc(MARA)$could be the stock for you?! A cryptocurrency miner with a heavy focus on Bitcoin. The stock price is highly correlated (91% currently) to Bitcoin (see attached chart) and if you dont want the risk of holding cryptocurrencies and want to get in 'cheaper' then Marathon Digital makes sense.

NB. Earnings out today after market close.

On a bullish outlook (attched charts see) where could the stock price be heading next?

Targets & Risk Management....

- Key upside break area to watch = 31
- Lot of price noise between 19 and 31 to clear before becoming properly bullish.
- Bullish upsides: T1: 38, T2: 58, T3: 80
- Stops: Bullish 3.5 area, 

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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.

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  • LohYK
    ·2022-08-09
    I feel the bitcoin winter yet to finish.
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    • StopHunter
      I know what you mean LohYK - it does still feel like that at the moment.
      2022-08-09
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  • EvanHolt
    ·2022-08-11
    I'm sure Marathon will surprise us in the second half of the year.
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    • StopHunter
      Im watching closely!
      2022-08-12
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  • DonnaMay
    ·2022-08-11
    MARA has been getting a lot of investor attention lately.
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  • Maria_yy
    ·2022-08-11
    31 is going to be a key position.
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  • MortimerDodd
    ·2022-08-11
    Do you think Marathon's fundamentals are good?
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    • StopHunter
      All tied into performance of crypto / bitcoin - if thats doing godd, they are doing good!
      2022-08-12
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  • Tanyl
    ·2022-08-11
    Can invest Mara in buy call
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  • Trainman
    ·2022-08-08
    buy Gold better
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  • firefirefire
    ·2022-08-08
    like like
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  • IZTan
    ·2022-08-09
    back to 80% of 52 week high already very good
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  • ElvisMarner
    ·2022-08-11
    There's a lot of uncertainty about this stock.
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  • MelChen
    ·2022-08-10
    Gooooo
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  • Loge
    ·2022-08-10
    Ok
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  • Jeremyyeojc
    ·2022-08-09

    Btc go

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  • karen521818
    ·2022-08-08

    Ok

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  • karen521818
    ·2022-08-08

    Ok

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  • MattTanKL
    ·2022-08-08

    gg

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  • Jeremyyeojc
    ·2022-08-09
    true
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  • ykc5020
    ·2022-08-09
    good read
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    • StopHunter
      Thanks ykc5020
      2022-08-09
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  • hhang
    ·2022-08-09
    👌
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  • Jane82
    ·2022-08-09
    ok
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