AHT is due for an upwards break, this is getting ridiculous

AHT has been beat up and rightfully so, it's management chose a reverse split and to dilute shares at a critical time as the price was gaining traction. However, at this point the reaction is completely and unsustainably overblown. This stock is now oversold on almost every major time frame, and technically looks ready to break this downtrend. I am hoping today is the bottom and we can reverse from here, but that will remain to be seen. There are major gaps to be filled and to be frank with you the largest gap I've seen in my life at $40, which should act as a magnet and resistant point longer term. I plan on being out well before then, but envision this going to $20+ within the next month or so.

Good luck, I am currently long at $13.89. This is definitely not financial advice so make your own choices when it comes to investing in this rather volatile stock.

ความคิดเห็น:

Nailed this trade and closed at $14.90, I think this has significantly further to run but I am closing all lost positions as I think a correction is imminent.