Most NFTRH+ updates are for refining the macro markets during the week. But on occasion I like to simply highlight potential trades/buying opportunities. Much like the BABA chart shown in NFTRH 893.
In this case, another former holding has pulled back toward a buy opportunity. PATH is a stock I recently added as a bottom/base play. It then exploded higher after earnings and now, the pullback.
I added it back today because I have a good psych association with it (owes me nothing), but a trader could spec on it here, or wait for clearer support and a gap fill. I bought because I wanted the stock back as a potential participant in a still quite theoretical year-end Santa party and because all too often I’ve gotten miserly waiting for gap fills that never happen. Just as often, it seems, these cases halt to test the gap rather than fill it.
Anyway, just a spec for your consideration. I will manage risk if the broad market goes south and have caution if PATH loses the SMA 50 and the support zone.
NFTRH+ trade setup ideas are presented for consideration and further research only, not as recommendations. I may or may not personally take positions in all or even most NFTRH+ ideas, as it would depend on my portfolio composition at any given time. “Stop loss” and target levels are usually noted and should be respected.
