Panjang
WTRH has officially broken out!
I would group Waitr holdings into the virus sympathy plays category because this stock goes up when the rest of the market dumps into the ground. With Tvix being delisted soon, I think a few shares of WTRH would work as a possible hedge. The price targets of $10 and $14 seem dramatic but they are realistic because it has a public float of 19M. On extremely high volume of say 300M, it means that people are passing around 19M worth of stock 15 times between each other. Sometimes, the rotation of shares cannot keep up with demand and you end up with insane valuations at the end of the day.
Nota
Yet another bullish, I mean VERY bullish sign: WTRH is across the previous weeks VWAP!
Nota
Nota
so in the case of ES Mini's, 9's followed by 7/2's = consolidation. In the case of WTRH it probably also means consolidation into tomorrows session, followed by a series of 9's (further upside) going into Wednesday.
There is resistance at $4 but I have a feeling that they will most likely gap over resistance.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.