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DWAC Technicals
posted ago by Vertigo ago by Vertigo +66 / -0

1st attempt at a quality post. I cant post this on Reddit because I personally don't like any form of it. Hopefully others who are following the stock see this.

I follow the r/DWAC_stock and r/DWAC_research subreddits. They're a good group but from what I gather they tend to let happenings and DS data driven companies guide their thoughts. I want to break down what I have found. If you think its accurate then do what you will with this information.

Here we go, point by point:

  1. I personally disagree with the whole dark pool price suppression theory. To be honest, this stock is behaving like most the stocks I study. (That is unless ALL of them are manipulated)

  2. I am a technical trader, but i don't draw shapes on my charts nor use a lot of fancy algo's. I find them to be sub accurate at best.

  3. DWAC is in fact undervalued from its CURRENT worth. (It is also obviously undervalued from its POTENTIAL worth).

  4. DWAC's current worth is around $60 based on my Study.

  5. My Study is a simple Anchored VWAP that i tie back to the stocks start point.

  6. I also use a daily VWAP on stocks that are highly active (Currently not DWAC)

  7. Currently DWAC is following the 3 month/1 day Anchored VWAP chart. The Price for us to break through as of today is $31.16 (this will get lower day by day as we trade below that price)

  8. If DWAC breaks out above that price (probably due to any number of the upcoming catalysts) it will most likely rise to the 90 day/2 hour VWAP price of $38 before the next selloff or resistance zone.

  9. It is unlikely for the price to collapse down because the HODLers are too stubborn to sell. (I'm one of them.) Amd there arent many VWAP prices below our current position.

I hope this helps bring things into a sharper view for those who are willing to out some skin in the game.

P.S. 10. "IF" DWAC crosses above $75, Moon is imminent.

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