SOS UPDATE 4/12/21 PURCHASE OF POWER PLANTS
Today's News for SOS revolves around their announcement of a Non-Binding Agreement Letter of Intent to purchase U.S. Utility Operators Sherman Development LLC, Niagara Development LLC, and Park Falls Management. This will allow SOS Ltd. to expand operations in North America. This would be a confident move.
Despite recent developments, SOS just continues to follow a downtrend. What you see on my graph is a 6 month view of SOS stock. From what I hear, "REDDIT" is becoming aware of SOS and are "TARGETING" SOS Stock/Short Sellers. That doesn't matter much to me. The 20 Day SMA(RED) is crossing above the 50 Day SMA(YELLOW). Now I am waiting for the 50 Day SMA(YELLOW) to cross above the 200 Day SMA(GREEN) for confirmation and from there we should see a bull run. When and if this happens, I am not sure. Once SOS posts earnings for Q1 in May we will see more volatility, and we'll have more TA and Fundamental information to work with.
markets.businessinsi...with-fire-1030295373 This article is a good example of why I cannot take the Bears serious.
Despite recent developments, SOS just continues to follow a downtrend. What you see on my graph is a 6 month view of SOS stock. From what I hear, "REDDIT" is becoming aware of SOS and are "TARGETING" SOS Stock/Short Sellers. That doesn't matter much to me. The 20 Day SMA(RED) is crossing above the 50 Day SMA(YELLOW). Now I am waiting for the 50 Day SMA(YELLOW) to cross above the 200 Day SMA(GREEN) for confirmation and from there we should see a bull run. When and if this happens, I am not sure. Once SOS posts earnings for Q1 in May we will see more volatility, and we'll have more TA and Fundamental information to work with.
markets.businessinsi...with-fire-1030295373 This article is a good example of why I cannot take the Bears serious.
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Note: Not sure why my graph is cut off but slide the graph to the right to fix the issue.