8 Monster Stock Market Predictions – The Week Of Jan. 19 Edition

The stock has really struggled, and a drop below support $3,065 likely sets up that decline to $2,870 we have been looking to happen.

(Click on image to enlarge)

Lemonade (LMND)

I think Lemonade is likely to continue to struggle as the gamma squeeze unwinds. The stock’s next likely stop is somewhere around $136. (The Lemonade Squeeze Grows More Insane)

(Click on image to enlarge)

 

Square (SQ)

Square’s stock has been a big beneficiary of the rising Bitcoin prices. But the company makes hardly anything on all of these bitcoin transactions, and it really has more to do with the appearance of the big revenue gains. Hardly any of its Bitcoin transaction revenue makes its way past gross profits since Square is basically acting as a market maker, selling bitcoin from its own inventory. Anyway, I guess that could be interesting if Bitcoin collapse. (Square’s Bitcoin Gains Are Not As Impressive As They Seem)

(Click on image to enlarge)

Beyond Meat (BYND)

Beyond Meat finds itself in a similar position as Lemonade, and I think that this one is likely to fizzle out, too, with the stock filling the gap at $124. (Beyond Meat’s Short-Term Gain May Result In Long-Term Pain)

(Click on image to enlarge)

1 2
View single page >> |

Disclosure: Mott Capital Management, LLC is a registered investment adviser. Information ...

more
How did you like this article? Let us know so we can better customize your reading experience.

Comments

Leave a comment to automatically be entered into our contest to win a free Echo Show.