I may take another trade on it again but, that AVWAP from the all-time high, only about 18 months ago, shows that there are a lot of shareholders underwater looking to get out (overhead supply). Sydney Sweeney is going to have to help them sell a lot of jeans quickly to make this a legit leading stock.
Right now it seems for this to get goin, it needs a ton of volume as a meme stock in the short term. Which may make it a good day or shorter term swing trade. All TBD.
I am intrigued by this one so I am keeping a close eye on it.
Thanks for looking.
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I may or may not take any trade published and I am under no obligation to post any action or update to any idea.
I may or may not take any trade published and I am under no obligation to post any action or update to any idea.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Ideas I publish are my own. They are not meant to be investment / trading advice. You are encouraged to do your own due diligence.
I may or may not take any trade published and I am under no obligation to post any action or update to any idea.
I may or may not take any trade published and I am under no obligation to post any action or update to any idea.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.