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:
-
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)
-
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.
-
DWAC is in fact undervalued from its CURRENT worth. (It is also obviously undervalued from its POTENTIAL worth).
-
DWAC's current worth is around $60 based on my Study.
-
My Study is a simple Anchored VWAP that i tie back to the stocks start point.
-
I also use a daily VWAP on stocks that are highly active (Currently not DWAC)
-
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)
-
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.
-
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.
the market is manipulated....