Quote:
Originally Posted by banyon
It’s really important with these momo stocks IMO to follow the 50 day EMA (below blue line). I prefer the 6 mo timeframe. Look at FUBO. It loses the 50 day, straight into the toilet. Regains 50 day, off to the races. Really seems these hedgies and algos really have a lot keyed to that.
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I brought it up after the GME induced plunge that crashed almost all meme stocks though...that's the dive you're referring to. It gained immediately the day after I mentioned it, dropped back down and got even lower, then slowly made its way up to where it's at now. Unfortunately I wasn't patient with that one and only made a small profit.