Its been a long time since I traded this stock .
I remember trading it back in 2018 - 2019 at its ATH on eToro .
On the weekly time frame it had a nice bounce around the $2.85 area . I would like to see the price passing through the $5 resistance area and turning into a support zone .
From the 4th quarter of 2019 the stock is in a downtrend , I remember back in the day they started reducing the number of employees and the number of warehouses , which was also a negative impact for the stock , but also the competition was growing strong and gaining market share . Some bad quarter results had for sure one of the greater impacts on the stock .
From price action perspective I believe the strongest resistance is around $10 and $25 .
I am sure someone could argue in that there are better stocks out there at the moment , but I still believe they can grown in the future .
Saying that I am keeping a neutral position for the time , I just wanted to share my idea for this stock .
I remember trading it back in 2018 - 2019 at its ATH on eToro .
On the weekly time frame it had a nice bounce around the $2.85 area . I would like to see the price passing through the $5 resistance area and turning into a support zone .
From the 4th quarter of 2019 the stock is in a downtrend , I remember back in the day they started reducing the number of employees and the number of warehouses , which was also a negative impact for the stock , but also the competition was growing strong and gaining market share . Some bad quarter results had for sure one of the greater impacts on the stock .
From price action perspective I believe the strongest resistance is around $10 and $25 .
I am sure someone could argue in that there are better stocks out there at the moment , but I still believe they can grown in the future .
Saying that I am keeping a neutral position for the time , I just wanted to share my idea for this stock .
Pernyataan Penyangkalan
Informasi dan publikasi ini tidak dimaksudkan, dan bukan merupakan, saran atau rekomendasi keuangan, investasi, trading, atau jenis lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Ketentuan Penggunaan.
Pernyataan Penyangkalan
Informasi dan publikasi ini tidak dimaksudkan, dan bukan merupakan, saran atau rekomendasi keuangan, investasi, trading, atau jenis lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Ketentuan Penggunaan.