XroadsTrader

All we know is price. Price leads to structure. Structure leads to trends. Ride the wave. No one knows where price is going. Protect your capital.

[XroadsTrader @XroadsTrader]

$eose over 30% short interest & 4+ days to cover.

This weeks positve news (strong earnings and dome contract) failed to be a catalyst

Not sure what it's going to take to move this stock higher righ now. Sentiment is very negative.

[XroadsTrader @XroadsTrader]

@MrNotAdvice @MrNotAdvice its only up 8% in pre. Still time to get in. I am a bit suprised it isnt running more on short covering alone. Sentiment seems to continue to be bearish despite the contract news and pre earnings?

[XroadsTrader @XroadsTrader]

$eose selected by the department of war to provide power. Normally a contract or mention by trump tends to cause a run yet $eose is only up 6% in pre market.

If todays announcement plus the earnings pre release cant move the sp in a meaningfull way I dont know what will.

[XroadsTrader @XroadsTrader]

Despite an inital pop in price action after pre announcing earnings $eose was unable to hold most of the move and ended up only slightly positive on the day. Seems to indicate that sentiment is still negative. Will be watching to see if there is any follow through today.

[XroadsTrader @XroadsTrader]

@BMNRTracker Nvm I seem you posted a mnav of $19.20 3 hours ago

[XroadsTrader @XroadsTrader]

@BMNRTracker What would a reversion to mnav o 1 mean for bmnr share price ?

[XroadsTrader @XroadsTrader]

Whats most encouraging about todays price action in $bmnr is how it responded to a positive catalyst. Solid move up on good volume and held most of the gains into the close. Follow through tomorrow & take out today's highs, should give confidence in a move higher from here

[XroadsTrader @XroadsTrader]

With todays soft CPI print and strong price action it wouldnt be unreasonable to see $bmnr move back towards an mnav of 1. @BMNRTracker ususally forecasts what that would mean for share price

[XroadsTrader @XroadsTrader]

Todys close on $bmnr took out its recent near term high on the daily chart which means a near term bottom has been defined. We look now for follow through and a potential retest of the new highs before a move higher.

[XroadsTrader @XroadsTrader]

@jfcBruin Was wondering the dame things. Whats the upside in exercising at $5+ vs just buying the common right now. Did ypu get an answer?

[XroadsTrader @XroadsTrader]

For weekly timeframe traders $2466.39 is the key level that needs to be exceeded to establish a higher high and signal a potential change in character for $eth. A successfull retest and close back above that level would act as confirmation

[XroadsTrader @XroadsTrader]

For daily timeframe traders $1848.63 is the key level that needs to be exceeded to establish a higher high and signal a potential change in character for $eth. A successfull retest and close back above that level would act as confirmation

[XroadsTrader @XroadsTrader]

$eth taking another stab at trying to break out of the current multi month downtrend. Would be a good first step but need to see higher highs and higher lows plus retake to 30, 50 and 200 WMA. $bmnr

[XroadsTrader @XroadsTrader]

Remember when $bmnr traded at over $160 a share and it had no assets. Now it owns billions of $eth and trades at $14 a sharE. Gotta love the market

[XroadsTrader @XroadsTrader]

Im not frustrated by my current paper losses in $bmnr. I am frustrated that I could be buying significantly more shares with the same $ at these levels.

[XroadsTrader @XroadsTrader]

Safe to say there was more leverage in this market then any one realized

[XroadsTrader @XroadsTrader]

Welp i'd say test failed unfortunately. Sentiment remains negative

[XroadsTrader @XroadsTrader]

Good test for $eose today. Lets see what (if any) the relative strength is in todays broader market pullback. Will be a good gauge of current sentiment on the stock.

Will investors view it as a buying opportunity and step in or weakness and run for the exits?

[XroadsTrader @XroadsTrader]

Good test for $eose today. Lets see what (if any) the relative strength is in todays broader market pullback. Will be a good gauge of current sentiment on the stock.

Will investors view it as a buying opportunity and step in or weakness and run for the exits?

[XroadsTrader @XroadsTrader]

Interesting decision for $bmnr here. I could be wrong but with todays pull back I believe Tom could use cash on hand to buy the remaining $eth to achieve the 5% goal

[XroadsTrader @XroadsTrader]

$eose closed above its 50dma today. An important first technical step to getting the markets attention. Still a meaningful gap to be filled before we see a close above the 200dma but the gap is narrowing.