I have been following FANS for some quite time and I believe this is one of those stocks that is great to buy and hold as there is much growth for this ticker and the online gambling industry.
According to the Feb we have retraced more that 78.6%, and while I believe the run up may have gotten ahead of itself this sell off has been overblown, making this a great time to start a position or add to your position.
Some bullish reasons to add here:
1) Daily RSI oversold
2)we are sitting at support near 0.6
3)Back in December 2020, FANS had to upsize their private placement due to the sheer amount of interest at 0.625, raising a total of 11 million dollars.
4)Their subsidiary Mcbookie has seen a 136% increase YoY revenue .
5) Recently integrated crypto as a payment.
6) have many exciting b2b and b2c ventures
According to the Feb we have retraced more that 78.6%, and while I believe the run up may have gotten ahead of itself this sell off has been overblown, making this a great time to start a position or add to your position.
Some bullish reasons to add here:
1) Daily RSI oversold
2)we are sitting at support near 0.6
3)Back in December 2020, FANS had to upsize their private placement due to the sheer amount of interest at 0.625, raising a total of 11 million dollars.
4)Their subsidiary Mcbookie has seen a 136% increase YoY revenue .
5) Recently integrated crypto as a payment.
6) have many exciting b2b and b2c ventures