There's a riot coming... Short Squeeze on RIOT
With a Short Interest of 26% and an active attempt to squeeze the shorts it looks like RIOT could see a volatile move upwards supported by reasonable fundamentals, Bitcoins recent price action, and technical indicators that suggest a reversal.
Setting up to break out of a descending channel/wedge.
F-Score is a 5 with some indication the books may be cooked so this likely isn't a buy & hold.
Price target & stop loss recommendation put this at a 6:1 risk to reward ratio.
Timeline is days to weeks. Watch for a position Monday morning around 10:30am.
Setting up to break out of a descending channel/wedge.
F-Score is a 5 with some indication the books may be cooked so this likely isn't a buy & hold.
Price target & stop loss recommendation put this at a 6:1 risk to reward ratio.
Timeline is days to weeks. Watch for a position Monday morning around 10:30am.
Commentaire:
This one played out as expected. Price target hit.