I've been expecting the market to tank so I haven't been paying attention to this stock, no interest in going long on stocks when the market tanks.
Anyways, looks like SMSI formed a wedgie, downward target is around $4.9. I am not shorting this, looking for a buy point again. Looks like anything below $5 is a buy, I expect it to hold gap support.
I could be wrong, and it could cycle back to the top of the wedgie to hit my original target of $7, and I'm also bullish on this stock so definitely not shorting it. At the same time, there's no point in going long while the market tanks.
Note that there's MFI divergence and A/D is trending down as well.
Anyways, looks like SMSI formed a wedgie, downward target is around $4.9. I am not shorting this, looking for a buy point again. Looks like anything below $5 is a buy, I expect it to hold gap support.
I could be wrong, and it could cycle back to the top of the wedgie to hit my original target of $7, and I'm also bullish on this stock so definitely not shorting it. At the same time, there's no point in going long while the market tanks.
Note that there's MFI divergence and A/D is trending down as well.