I look at the charts, been working on improving both charting and controlling the "emotional" side of trading which is always a problem.
Im looking for it to hold at the daily 200MA (red line) and if it doesnt hold 1.80 area support then 1.40
I actually predicted on another stock discord that FNGR might dip down to 200MA when it was around 3.50 (I head already bailed) but most people of course held. So I measure my risk/reward using this. I have re-entry zone 1.95-2.05 just as a starter position.
What Im looking for is a stock dumping catalyst, FNGR is supposed to issue warrant dividend at some point, and that may require a new s3 (dilutive ATM filing) since they cancelled their last one, in which if this happens and I hope it does I go back in heavier at lower prices. Im in a better position to wait it out longer for a recover as well. Anyways thats part of a plan, I may or may not follow it. If they do another finance offering stock may dump as well as last time (it wasnt a great finance)...
So being patient, this stock is a money maker just have to play it right, trying to be stingy and wait for a great deal but re-entering small starter for now if it hits my 2.05 target and below.
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