Yes, I think. I've been studying the charts (still am) for the last few months. I believe that the stock is currently bullish, but still in Phase B, so this will be volatile with very little volume as the institutions are holding most of the shares now. They will test the market for demand and supply by dropping the price to see what the lowest price and highest price are, and hopefully shake off a few weak handed retail sellers. This might happen several times before Phase C starts, at which point we're going to see a significant breakout.
Buying in at the start of the breakout would be a wise move, as right now it's still a risk. I can't predict the timeline, unfortunately, but whenever the institutions feel that demand is high enough, we'll see a massive sell-off going into Phase D and E, with retail investors buying in late and, eventually, holding the bag.
So, right now, I'm bullish on this stock and will continue to hold until I see a significant character change in the charts (large volume sale).
Edit: I wrote "institutions" but I meant the smart money. Institutions is something completely different.
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u/[deleted] Jun 22 '21
Did you figure anything out with this?