BTDR - Bitdeer Technologies - Break out with high Volume

Hello Everyone,

Hope you have a good Weekend so far and happy Sunday in advance ;)

Today i will share some stocks to watch out for next week and Frist one is Bitdeer Technologies.

What are they doing?
Bitdeer Technologies Group is a leading global provider of digital asset mining services. The company offers a range of services, including cloud mining, colocation mining and mining management. It is based in Singapore and has mining data centres in the United States and Norway.

Operating in the technology industry, Bitdeer Technologies Group is committed to providing customers with reliable and efficient digital asset mining services. The company's cloud mining platform allows users to mine digital assets without the need to purchase or maintain their own mining hardware.

As you can understand they are depended on Bitcoin .

Financials:
Market Cap : 3.18 B
Revenue : 356.76 M
P/E Ratio : - 7.43
EPS : -2.1726
End of 2024 Net Change in Cash : 185.93 M This is a good sign for business sustainability

Technical Part:
On Friday they made a good jump over %14 and volume is supporting this Jump. I see that it also broke up the down trend to UP ,and i am expecting to continue this trend. It could try to re-test and go back to 14.90 - 15.10 , if it will do this then these Levels would be a good entry point. If not then I will wait to break up of 16.60 and if it close over this level then i could jump in it. My first target is 20.00 - 20.50 which is approx %25 over from today's price.

I have already added BTDR to my watch list and i will wait for best price to buy.

This is just my thinking and it is not invesment suggestion , please do not make any decision with my analysis.

Have a good evening and happy Sunday to all