it behaves like a meme stock and it was a meme stock having appeared on wallstreetbets several times.
every time it would rally close to earnings and then crash. you can look at the candlestick chart and take note of the earnings marking.
it might float up together with santa rally when the whole market gets lifted. maximum around 4.
it is bounded by the high interest rate environment. unless fed pause or cut interest rate, it would be in consolidation range between 2 and 4. buy at around 2+ and sell when it reaches around 4. if it breaks out of 4 convincingly then hold on for massive rally.
fed comes out to hawk the market again. so obedient mr market will hide its shine for a day or two before continuing with santa rally. must give the fed some respect.
my previous points
1. biz has no moat
2. cash burn with incentives
3. slow to implement digital bank
4. customers have little loyalty with so many choices
5. its birth country no support (even nasional fund no invest)
merci beaucoup @TigerStars 🥂✨ kudos to you and your team for winning 2 awards
bon courage
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- Ericdao·2022-11-18TOPIt's on the uptrend, $3 will be the support now. Currently should trade slightly up or down slightly but if u thinking of shorting, don't. Next week should see continuation on the up if support is not broken3Report
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