CRTD - CREATD - Potential Bottom zone?CRTD - They say you should not try to call the bottom. Is the risk worth the reward? You be the judge. Risky Penny Stock? !00% away from downtrending 50 day EMA. One to watch?
Creatd
CRTD Price Target based on FundamentalsCRTD is one of the most undervalued Trump related stocks right now based on fundamentals.
Creatd Q3 net revenues increased 178% YoY and 22% quarter-over-quarter.
Revenue guidance for FY 2022 of $10 to $15 million, a 100+% increase over expected FY 2021 revenues.
My valuation is 90mil mk cap. The Market Cap right now is 36.828Mil
My price target is 5.5usd.
CRTD Fib RetracementRight now with CRTD the 786 area has presented a relatively frequent area of "traffic" over the last few weeks. The sporadic breakouts show a clear area of resistance on the chart that it hasn't been able to break through. But the fact that it's gotten so heavily rejected puts attention at lower levels imo. Right now, CRTD pre market has show to test the 618 fib line. But after getting denied, the consolidation trend has it back below $4. With this latest bout of momentum it will be interesting to see if it comes back to test the 786 fib again or if it can regain momentum and retest 618 as resistance.
"traders on social media have circulated the stock as one with higher than average short interest. Other than that, there haven’t been any news headlines or filings released in conjunction with the latest market action. Considering that the potential catalyst could be technical in nature, it’s important to understand the dynamics at play. Lower float, higher short interest stocks can be incredibly volatile. While this latest bout of action has put bulls in control, any stall in this trend could see the opposite. So if CRTD stock is on your list right now, keep this in mind."
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