PetMed Express, Inc.shooting up 400% ??

29 Jan

On the above 15 day chart price action has corrected 90% since late 2020. A number of reasons now exist to be long, they include:

1) Price action and RSI resistance breakouts.

2) MFI resistance breakout, in other words volume or money flow is increasing. Follow the money. Someone knows something I don't.

3) Support on past resistance. Over the last 20 years price action has respected the 4.90 level as strong support.

4) No stock splits.

5) 9.2% short interest.

6) Price 400% to channel resistance.

It is possible price continues to correct? Sure.
Is it probable? No.

Ww

Type: trade
Risk: you decide
Timeframe for long: Earnings report today!
Stop loss: Will say elsewhere

5 Feb

Trade aktif

support confirmed