$EBON - triple bottom, lets face facts
$EBON could probably start a support group for bag holders.
Let's face facts. It has a triple bottom. What good comes from a triple bottom? Nothing.
It took a hit from Hindenburg and the stock tanked.
Other similar stocks to compare for Hindenburg hit pieces: NKLA and IDEX, just to name 2.
I would not touch NKLA with a 10 foot pole, but I do own and use IDEX for selling calls and just collecting premium.
Facing facts:
* Most IPOs need to dip below their IPO price before the market agrees that it has value of some sort.
* This stock has not done that. That is a tough fact to swallow, but not saying is worse than being honest.
* It has a triple bottom, which might as well be a flashing sign in time square saying "keep out"
* The bag holders, represented in volume shelves, show us how big the fight will be for this stock to be a good idea.
Entry zones:
1. 5.25
2. 5.66
3. 7.43
What I think could happen is that we dip down to $4/share before reclaiming any signs of hope, but hope may be resurrected. A modern day miracle.
I have my alerts set and should I see a reversal, of course I will make another post
Let's face facts. It has a triple bottom. What good comes from a triple bottom? Nothing.
It took a hit from Hindenburg and the stock tanked.
Other similar stocks to compare for Hindenburg hit pieces: NKLA and IDEX, just to name 2.
I would not touch NKLA with a 10 foot pole, but I do own and use IDEX for selling calls and just collecting premium.
Facing facts:
* Most IPOs need to dip below their IPO price before the market agrees that it has value of some sort.
* This stock has not done that. That is a tough fact to swallow, but not saying is worse than being honest.
* It has a triple bottom, which might as well be a flashing sign in time square saying "keep out"
* The bag holders, represented in volume shelves, show us how big the fight will be for this stock to be a good idea.
Entry zones:
1. 5.25
2. 5.66
3. 7.43
What I think could happen is that we dip down to $4/share before reclaiming any signs of hope, but hope may be resurrected. A modern day miracle.
I have my alerts set and should I see a reversal, of course I will make another post
better not bitter