Hello bull gang, this one is a short term and I'd keep my expectation low.
Intro: TAAT is a hemp cigarettes distributor and on the 26th April, submitted initial application on the NASDAQ which takes max 4 weeks to approve. I've marked 2 possible dates when NASDAQ application will be approved, one is less than 2 weeks and another one is between 2 and 4 weeks. The quicker approved, the less possibility to dip and drop of volume. If after 1-2 weeks it's not approved, expect drop in volume, interest and price.
Pros: -Volume rising, can hold for 1-2 weeks -Place for growth, can target 5-6$ price in short term. -Short play, max 4 weeks to approve the application. -Can quick sell the news to other late buyers. -Retail it on the NASDAQ or sell the news on the day of approval.
Cons: -Serious red day will send it to dip and kill the trend. -Volume may not survive even one week. -Holding 4 weeks is a risk and you should setup your stop loss trigger in case things turn ugly. -OTC stock, prone to manipulation.
Small Warning: Do not take this as financial advise, think before you buy something and plan ahead.
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As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.