Short term forecast

12 Agu 2021

With the massive spike-up that occurred a couple of days ago, I think there has been a new surge of bullishness on the stock. Having briefly looked at the business overall and wrapped my head around their fundamentals there could be some potential if they pull through with their goals. But my focus is on the technicals no the fundamentals currently so I won't waste any more time on that. From what I can observe, the new flush of volume has provided some life to the stock and has the potential for more positive runs. In the short term, I can expect that the share price will break down further, probably to the $9 mark before building more information for traders to make decisions with. As of right now, there isn't too much to look at on any of the graphs and we will require more information technically in my opinion. For now, I am just watching and observing what occurs.

Good luck all.