DWAC may be become the company that will disrupt the whole industry as we know. Please find below my view:
Fundamentals:
1. David Nunes left congress to become DWAC CEO. This tell us that things got very serious.
2. SEC investigation - I believe it's only temporary. I don't think that people who will be creating those platform, that may disrupt the whole industry...
DWAC has sold off pretty decently on friday session and was able to fill the gap.
There are following structure and technical developments that I'm taking into consideration:
- very decent support at lower value area which around 40-45
- 1D stoch positive divergence may trigger in upcoming sessions
- single prints at highs that may be filled
Fundamental...
Friday auction was very interesting to see on RIVN. We bounced from 128 support level to 140 and price was instantly rejected from this point.
Note how prior 140 support level turned into resistance now. 140 was Monday value are low and also Wed LOD which makes it even more meaningful.
This kind of price action is very bearish and given the fact that FORD...
As we have been selling off very heavingly in recent days, Monday auction tells me that bears got too short. When sentiment shifts dramatically, big reversal happens and the same thing is for Tesla.
Inability to close the gap is good sign that market participants want to trade in upper stock price range. In addition to gap play, there is potential Daily positive...
