The only reason this stock is underperforming is due to insiders or 10% owners selling. There has been good news that was overshadowed by this selling. Hedge funds have been increasing their positions the past two quarters. If insiders are done selling, it should start to break out. Average volume is only 1.29 million, so we should see it slowly inching higher until it gains momentum. Price action can be erratic at times due to low volume and concentrated ownership. I've been buying on dips below $18. It's been bouncing between 17.7 and 18.5 for the past week. If it breaks above 19, I think volume will increase, and it will go to 27 relatively quickly.
Iwill TradeScared : It’s good stock lower float can move quicker free cash flow in uptrend , buy candidate, traded once for just testing looks good here I am watching for break over Time Weighted average price $27.500 which may signal bulllish momentum
smoothshoe OP Iwill TradeScared : I've been in it since Oct 2022. And you are right. This sucker jumps when conditions are favorable.
Iwill TradeScared smoothshoe OP : Yeah I hear you man investing is so boring and waiting game most of peoples want quick bucks that’s why volumes is key to move stock but long term investment in well meticulous planning always wins more gain then trading
smoothshoe OP Iwill TradeScared : And, if you get overly eager to take profits, Uncle Sam will hit you in the head come tax time. If you don't need the money to pay bills, keep it in the market. Keep a little on the side for market corrections and stocks go on sale.
Iwill TradeScared smoothshoe OP : I highly appreciated your suggestion …currently I am unprofitable status so I couldn’t afford to focus on long term stretegy but I am learning looking keeping lot of profitable companies in watchlist for long term stretegy , I heard somewhere that you can reduce your investment tax changing into LLC or corporate account I will check service provider and let you know to reduce tax on gains in my day off , good night I got to pass out
102926546 : Agree, hope to see a breakthrough in the upper edge of the flag pattern.
Iwill TradeScared smoothshoe OP : For tax deduction on your gains contact prime corporate service I only know these information may be useful I didn’t started process yet will do 1 day
smoothshoe OP Iwill TradeScared : I live in the US, and moomoo doesn't allow corporate accounts. Unless you know of a workaround. Thanks for sharing the QR code, I will definitely check it out.
Iwill TradeScared smoothshoe OP : Yeah i am following one trader for a while or stock trading teacher for a while I found at his website came to know we can reduce tax on gains we got to change or keep multiple broker account got to take seriously