$MARK Remark Holdings did 88% retrace after the last meme run$MARK Remark Holdings did a full retrace after the recently seen meme run, if we go for a second run, it might be off of this levels.
It's nothing to do a serious swing trade on, therefore this is NOT a Setup.
But don't be suprised, if we see another headline day or two in this stock.
Maybe put a volume alarm on this one, that's what I do, and just forget about it,
and in case we get some serious volume back in $MARK one could jump in with a small position.
Remark
$MARK coiling up for a breakout?$MARK is a technology-focused company, develops and deploys artificial intelligence products for business solutions. They have a thermal camera that can help businesses detect high body temperatures for potential COVOID-19 victims.
With COVOID-19 infections slowly ticking up in the US and more cities are are temporarily shutting down, we might see more demand in these thermal cameras for businesses.
$MARK has been coiling up in the triangle for a potential breakout past the hourly resistance and 0.5 fibanocchi at around $2.40
MACD indicator is slowly crossing back up on the 4hr chart which is bullish.
An ER is scheduled on July 6th, 2020 at 4:30 pm EST.
$MARK also has about 16% Short Interest.
Keep in mind I am not a financial advisor and this information is strictly for educational purposes only.
$MARK Analysis Looking BullishAbove Moving Averages
Recent Tweets
High Volume Compared 5YR/1YR/6MO/3MO Charts
Casinos Opening
Earnings Report June 16, 2020
High Call Volume For June & July
Mark - Remark Holdings Technical AnalysisNASDAQ:MARK
I was not able to find any technical signal to buy this stock.
Wait until the Earning Report on May 28th to have a better understanding of this stock
Remark Holdings technical analysis. Possible bullish scenario.Hello all, welcome to my first time publishing an analysis of a stock chart. I began trading with stocks, and this one specifically I have held for about a year. I have dedicated most of my attention into trading cryptocurrencies, but I still hold this stock. I hope this information can be of good use to you.
We have MACD RISING TO THE ZERO LINE(with plenty of growth room) , IF WE GO ABOVE, WE ARE BULLISH AF.
A breakout above the downtrend channel (YELLOW trend line ) is already happening. This is a very bullish indication.
We also a small wedge pattern forming, and a breakout from this wedge is also eminent.
A rise in volume would bring this price up nicely. I have my target set for the 23.6% retrace, or $7.69. For a nice 20% gain. I would start taking profits at 10 % gain. I would also set my stop loss at -15%, in case of a bearish breakdown below the wedge, and back into the downtrend channel. Please allow at least 10 days for this trade to develop. Patience is key here Thank you all for reading.
**This is not financial advice or recommendation to buy/sell MARK.**
