ᗷᗴᖇᖇᗩᗯƳᗴᗴ

Amateur Trader! #FinTwit is full of useful info & GURUs and full of crap & FURUs...learn to tell the difference!!! Tweets/Retweets are NOT financial advices!

[ᗷᗴᖇᖇᗩᗯƳᗴᗴ @Berrawyee]

Trade SMARRT Motto...

[ᗷᗴᖇᖇᗩᗯƳᗴᗴ @Berrawyee]

$PL

Don't forget what red days are for...!!!

[ᗷᗴᖇᖇᗩᗯƳᗴᗴ @Berrawyee]

$PL

Red days are the days positions are built slowly but surely...

[ᗷᗴᖇᖇᗩᗯƳᗴᗴ @Berrawyee]

$PL

Red days are the days positions are built slowly but surely...

[ᗷᗴᖇᖇᗩᗯƳᗴᗴ @Berrawyee]

$PL

Once bulls played offense and managed to close the price above the 1D-5EMA on 6/30, the price action has been bullish and delivered ~11% gains so far...

I will continue to add on pullbacks to my position that I started below $3.21...Slow & steady wins the race!

GLTA...

[ᗷᗴᖇᖇᗩᗯƳᗴᗴ @Berrawyee]

$PL

Once bulls played offense and managed to close the price above the 1D-5EMA on 6/30, the price action has been bullish and delivered ~11% gains so far...

I will continue to add on pullbacks to my position that I started below $3.21...Slow & steady wins the race!

GLTA...

[ᗷᗴᖇᖇᗩᗯƳᗴᗴ @Berrawyee]

$PL

There are signs of a brewing bullish reversal. Issue is bulls seem more focused on defending the $3.00 psychological support than playing offense to decisively reclaim the 1D-5EMA~$3.08 & move higher.

IMO this is why bears could keep the PPS below the 1D-5EMA so far!

[ᗷᗴᖇᖇᗩᗯƳᗴᗴ @Berrawyee]

$PL

There are signs of a brewing bullish reversal. Issue is bulls seem more focused on defending the $3.00 psychological support than playing offense to decisively reclaim the 1D-5EMA~$3.08 & move higher.

IMO this is why bears could keep the PPS below the 1D-5EMA so far!

[ᗷᗴᖇᖇᗩᗯƳᗴᗴ @Berrawyee]

$PL

Intraday chart analysis with focus on the volume profile since the ER drop, as well as daily chart analysis.

Comments are on the charts!

[ᗷᗴᖇᖇᗩᗯƳᗴᗴ @Berrawyee]

@Dounage

[ᗷᗴᖇᖇᗩᗯƳᗴᗴ @Berrawyee]

@daveonacci @CVLM03 I already restarted my position and nibbling at it since $3.21...I'm at ~13% of my planned position so far!

Like you said...too early to tell! I managed to teach myself to enjoy the most boring part of this game i.e. the waiting...no rush here!

[ᗷᗴᖇᖇᗩᗯƳᗴᗴ @Berrawyee]

@CVLM03 @daveonacci Allow me to share an updated chart to capture the price action until yesterday's closing bell...

Any thoughts or knowledge-sharing is definitely appreciated!

[ᗷᗴᖇᖇᗩᗯƳᗴᗴ @Berrawyee]

$PL

Daily chart analysis since the downtrend channel started in August 2022.

Comments on the chart snapshot!

[ᗷᗴᖇᖇᗩᗯƳᗴᗴ @Berrawyee]

$PL

Intraday chart analysis since the post-ER drop.

Comments on the chart snapshot!

[ᗷᗴᖇᖇᗩᗯƳᗴᗴ @Berrawyee]

@EricTheUmpire I won't be shocked if the bottom discovery journey resumes...and prepared for either a downside or an upside move.

Very few stocks could recover from such a post-ER drop at a fast rate.

The reversal will be like turning a big ship, it takes time and patience...No rush here!

[ᗷᗴᖇᖇᗩᗯƳᗴᗴ @Berrawyee]

$PL

I would have liked to see higher volume today. But it is a start and green is green.✅

The rest of this week should confirm if today was a reversal pre-cursor or just a breather and the downtrend continues.⚠️

Volume analysis on red & green days is critical now.👀

[ᗷᗴᖇᖇᗩᗯƳᗴᗴ @Berrawyee]

@EricTheUmpire @oracleof90402 I could not agree more!

Institutions are testing & retesting the novice retail patience, or impatience for that matter. They won't get off the lid before they're comfy they flushed out enough novice retail.

It's the typical drop=>drip drip drip=>drop=>pop IMO.

Let's see...

[ᗷᗴᖇᖇᗩᗯƳᗴᗴ @Berrawyee]

@RhinoRally @EricTheUmpire I restarted a position yesterday...Just 5-10% in so far!

The reason I say 5-10% is I did not decide on my final position size yet. I'll finalize that decision according to the price action behavior this week and next week!

[ᗷᗴᖇᖇᗩᗯƳᗴᗴ @Berrawyee]

@UltraRunner26 @SeagerKershaw @NiccoloDeMasi @FutureJurvetson @kevinweil Sorry if I didn't get the joke...my bad!😊

You hit the nail on the head, that's exactly what I meant by managing the market expectations better.

Saw companies deliver poor guidance & during the ER call the PPS moves up as management manages expectations.

Perception is reality!

[ᗷᗴᖇᖇᗩᗯƳᗴᗴ @Berrawyee]

$PL

IMO...Now is a favorable spot to start a position or add to existing positions in a slow and steady manner!

Build those positions patiently in 5-10% lots if it continues to drop and accelerate building the positions once reversal is confirmed.

Don't go all in at once!

[ᗷᗴᖇᖇᗩᗯƳᗴᗴ @Berrawyee]

$PL

Double Bottom+Rebound or Bear Flag+New ATL...?

That's the question now IMO!!!

[ᗷᗴᖇᖇᗩᗯƳᗴᗴ @Berrawyee]

@SeagerKershaw @UltraRunner26 @NiccoloDeMasi @FutureJurvetson @kevinweil Way too early to think of delisting!

Not sure about management concern for shareholders, I care more about their concern for execution. They should execute & let the market takes care of PPS. But, I'll say this...They could have definitely managed the market expectations better.

[ᗷᗴᖇᖇᗩᗯƳᗴᗴ @Berrawyee]

@Bart_Suchocki

[ᗷᗴᖇᖇᗩᗯƳᗴᗴ @Berrawyee]

@CVLM03 @RedRavP Do not overlook the possibility that it could be a bullish sign when lots of bulls become bears; in which case smart bulls with high conviction in the long-term should just stay the course and those on the sidelines may start considering to jump in on the long side.

[ᗷᗴᖇᖇᗩᗯƳᗴᗴ @Berrawyee]

$PL

Throughout last week, the price action bull-trapped the gamblers & speculators who jumped to conclusions without patiently waiting for reversal confirmation.

The weekly close just 7 cents above the ATL probably left all of them in the red.

P A T I E N C E . . .