Post by
MarketMoney on Mar 06, 2021 10:08am
My 2 cents before next week, enjoy :-)
Next week going to be pretty busy on SZLS trading!
Daily chart positive reversal trend supported by hourly chart positive reversal confirmed.
Weekly chart bullish stage 2 with a chance to breach the next resistance like a hot knife throught butter.
If you ever been in a stock with big players doing an "artillery barrage" you know your in bussiness :-) That's why I said Yesterday it would be fun and amazing to have an artillery barrage and then it happen, my dream come true haha. In case you still don't understand what it is, basicaly it's a big player(or players joining) placing bids not too large to buy anything that gets dumped and refilling those small bids everytime they get hit. Then when the market moves one step higher the player moves the bid to the match the market move and so on. This is a powerfull accumulation for a imminent bullish situation. Went they placed the first bids they choose wisely to support the hourly chart, yup they were playing technical :-) then they moved to the recent important support that created the first 52 week high which was 1.10$ prior to the next day breakout if you remember.
Now the thing is how they will play it next week. If they carry on with the artillery barrage then you going to have green day all week long until one big player decides to move into agressive plays. Whoever is selling in this situation is litteraly letting money on the table as they have no idea how powerfull the momentum is building up. As for the shorts, maybe they already covered but trying to make it fall during an artillery barrage is futile, more the technical chart gets stronger and more trader are joining in force as the winning sentiment is building up. If any shorter left they will get burn. Curious to see the next short interest for mid march as they were a little more than 100000 shares shorted at end of Feb.
I wish you all a great weekend and for my french investors "c'est dans la poche!"