SOS Harmonics: Quick TradeHere's the likely turn of events for tomorrow for SOS. Good luck and trade safe!
SOS trade ideas
inverse H&S on SOSBullish H&S formed on SOS. Consensus-based on social chatter shows that people have been sizing up their longs. Go long, load the boat with both fists full
SOS UPDATE 4/20I picked up a few hundred shares when SOS fell bellow $4.
Awesome mid-day rebound.
Today's News: SOS Enters into a Purchase Agreement for 575 Ethereum Mining Rigs with 400 Giga Hash Rate Capability.
Mr. Yandai Wang, CEO of SOS, commented, "we are optimistic about the future of cryptocurrencies and Ethereum in particular. This is part of our overall strategy to develop blockchain-based environments and services and which will be a core part of our growth in 2021 and beyond".
markets.businessinsider.com
www.nasdaq.com
$60,000 Explosion Big Short movie setupIn the movie, the big short Charlie Geller and Jamie Shipley took trades with options out of the money with low probability.
This is an example of such trade, 100 options contract worth $6000 if SOS will run up again, this trade could make $60,000.
If the price will move to $21, this trade could make $120,000
This also shows that options are leveraged, if you would like to buy the shares you would need to pay $39,000 for 10,000 shares.
In this trade, the max loss is $6000, when buying the stocks the max loss is $39,000
How will it end? What do you say?
The Power of the Down-TrendStocks can go to infinity on the long side, but they can go down 50% infinite amount of times on the short side.
Never underestimate the power of the downtrend.
Cheap can get a lot cheaper.
Low can get a lot lower.
Go with the trend, the market is always right.
SOS Is Criminally Undervalued and due for breakout.It's obvious that SOS is very undervalued currently sitting at $4.35 at the time of writing this. With 15,000 total miners going operational in April they will already have more active miners than $RIOT who has been in the crypto mining game for far longer than SOS. Obviously this isn't a great comparison as Riot has less diluted shares and better miners yet the difference in price of the two stocks is much more significant.
SOS has approximately 2x the share float of Riot yet is sitting at 1/8th the price. In my conservative estimate, SOS deserves at least 1/3rd the price of Riot giving a price target of $15 for SOS with more upwards movement possible. 🚀
I believe it is due for a huge breakout soon.
SOS park 6This is just a chart view not financial advise.
This low usually has bounce backs. ($4.10)
GME was 146% short, this is 216% short. SOS! Another Reddit target is looking extremely ripe. Whatever short-sellers are crowded in there did not do their DD or realize how crowded it was. Whispers are that they have the 3rd batch of crypto mining rigs going online on April 14th.
seekingalpha.com
www.reddit.com
twitter.com
Highly undervalued stock - Bitcoin & Ethereum correlated playBitcoin [ BTCUSD ] and Ethereum [ BITSTAMP:ETHUSD ] looks ready for a big rally. At $5+ currently $SOS is highly undervalued and fairly little room to fall. Even at today's $58k BTCUSD this should have been a $25+ stock in comparison to $MARA.
PT 1: $20
PT 2: $40 and above
SOS GME Price Suppression Slow Burn Education L@@K!!Not financial advice at all.
First off I wanna say i dont hold any positions in either stock. And wanna Thank you for reading this post. I hope it encourages and helps you in your future $ making decisions.
No matter how much good news comes out.
Why does price keep coming down?
Slow Burn/Price Suppression Theory
Under this theory you will see the old saying holds true "Buy the rumor sell the news"
This is a completely unbiased thought of what I keep speaking about and would like to use this opportunity as an education to show the similarities and correlations between the two stocks.
Anyone that follows me on Tradingview knows I have spoke of the slow burn theory/price suppression theory pertaining to GME and AMC. And wanted to share how looking at the SOS chart even though it is more shorted more than GME at 235% currently. The price still falls.
Why you ask. In reality its pretty simple.
Seasoned investors already price in the rumors
To sell when they become reality.
"Buy the rumors sell the news"
SOS rumors
Buying mining rigs became true price down
Buying majority stake in 3 US power plants became true. Price came down
GME rumors
Great witching event end of March became true price came down
Cohen becoming CEO and is becoming true price came down
Paying off debt became true price spiked. The news was bought most positive news last 1 week before price drops we will see how this holds up.
Reasons: Slow Burn/Price Suppression/Fear & Greed
The same people that short is also the same ones that long.
But you don't hear that you only hear the hedges or shorts u never hear the flipside. Where those same people are longing the stock and right when the investors think price is gonna increase. Look what happens. Price drops
Some will say manipulation and your correct.
Because why we retail buyers buy 1000 shares the institutions are buying 10000 shares and can operate on wayyyy smaller margins.
They let price stabilize to get crowd involvement/excitement of lightning striking again before dropping price again.
You say they won't escape the MOASS and your CORRECT.. They won't. But until that ultimate short comes.
This is how they do it:
They continually burn the premiums while bringing price down only to buy/long at support levels (u know imaginary Astrology lines 😂😂)to rinse and repeat process before they drag price down and flush everyone out.
Whoever they dont flush out that MOASS ends up becoming so small in the end is generally the case.
That even the believers are left wandering how they pulled it off . They'll ask "What didn't I see?"
This seems to be the case with GME and SOS and AMC.
Now saying all that. Personally I feel SOS is the better bet.
Pros for SOS
They have wonderful news coming out. With electricity agreements in US.
Will have up to 16000 mining rigs mining bitcoin and while we are in the 4 year log scale of bitcoin. The short-mid term for SOS screams growth to me.
Small Marketcap especially compared to GME.
Easy to see a Gamma Squeeze can happen and propel this price once again. Again 235% short interest compared to 186% GME.
Price currently at less than 5.00
Remember what happened when GME was at this price? You got it. The parabolic squeeze.
This is a perfect setup for it.
But on top of that BTC will be on the balance sheet to also help SOS bottom line
Whereas GME will most likely at least take 1-2 years before becoming profitable
So I see SOS as a better play and if the crowd truly gets behind it. The squeeze will happen.
Cons:
Pending litigation/lawsuit issues supporting investors .
But good news about that is same blanket law firm also came after Sorrento Theraupetics (SRNE) and for most part it was frivolous.
I speculate and out of court settlement for SOS and biz as usual after that.
I could continue on but wanted to show you how they are driving SOS price into the ground to protect themselves from that ultimate squeeze when it does happen in the same way they are doing GME currently.
I hope what I wrote here helps anyone that reads it and gives you a better understanding of what is going on that we retail crowd cant control. Yes it sucks. But as you see with where Price is with SOS I can speculate and guess that this current runup on GME will perform just as SOS did and give hope to people who bought in at higher prices only for it to drop.
Sorry for such long post I hope this help clarify or just better or understanding to make good smart,sound financial decisions now and into the future.
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SOS POSSIBLE TO HIT $7.00? I think SOS can still work itself up. This is my first time sharing an idea with the rest because I am quite new to trading. If you have tips for me, or can improve me, that always seems nice. I've been watching SOS for a while now and I expect him to hit the $ 7.00 again this month.
I think I have also invested in SOS myself and I expect things to go in the right direction this coming month. I am currently looking at different options within SOS when it is best to sell and buy, for example, but I still have a lot to learn about stocks myself. I hope you can help me too and I expect good things about SOS.
Thank you for viewing my idea and I wish you a good trading day.
My first idea about SOS [First time]SIOS I think SOS can still work itself up. This is my first time sharing an idea with the rest because I am quite new to trading. If you have tips for me, or can improve me, that always seems nice. I've been watching SOS for a while now and I expect him to hit the $ 7.00 again this month. Thank you for viewing my idea and I wish you a good trading day.
SOS _ Potential PathHighly manipulated stock but if this doesn't breach $4.20, this count is very much likely and we would see a short squeeze post $6.20.
Long | SOS | lottery win TickerNYSE:SOS
* One of the guaranteed win bets, it's a pure gambling now and I'm already in.
TP1 ~ 9
TP2~ 15
TP3 ~ Depends on short positions,
SOS UPDATE 4/12/21 PURCHASE OF POWER PLANTSToday's News for SOS revolves around their announcement of a Non-Binding Agreement Letter of Intent to purchase U.S. Utility Operators Sherman Development LLC, Niagara Development LLC, and Park Falls Management. This will allow SOS Ltd. to expand operations in North America. This would be a confident move.
Despite recent developments, SOS just continues to follow a downtrend. What you see on my graph is a 6 month view of SOS stock. From what I hear, "REDDIT" is becoming aware of SOS and are "TARGETING" SOS Stock/Short Sellers. That doesn't matter much to me. The 20 Day SMA(RED) is crossing above the 50 Day SMA(YELLOW). Now I am waiting for the 50 Day SMA(YELLOW) to cross above the 200 Day SMA(GREEN) for confirmation and from there we should see a bull run. When and if this happens, I am not sure. Once SOS posts earnings for Q1 in May we will see more volatility, and we'll have more TA and Fundamental information to work with.
markets.businessinsider.com This article is a good example of why I cannot take the Bears serious.
SOS Descending TriangleI know a lot of people on this name. In a descending triangle and 63% of the time that a price rises up into this pattern, the price break above this pattern. So odds here, 63% on a break above. The implied move on this break above would be 9.48pts. Support lines in green.
I want to see the blue downtrend line break with a daily candle close and the candle get above the red bollinger band. This is not something SOS has been able to do in quite some time as you can see the red Bollinger band has rejected it multiple times. This will allow you the best low risk, high reward set-up. GL
SOSAnother crypto miner.Got in way too early but DCA on my shares last week... this is a riskier play since it's heavily manipulated by short sellers + reddit trying to pump.
Wait for breakout... but might not happenSOS has litigation issues. They breakout may not happen for a while. Trade carefully.
These links have more info if you are affected:
www.newsfilecorp.com
www.hbsslaw.com
