EZPW is making a wedge and it seems to be making an attempt to test resistance and possibly breakout.This ticker imo has a lot of potential in this current environment as the stimulus cheque is delayed putting a lot of strain for many Americans who will be forced to sell whatever they can to make ends meet until the cheque arrives meaning this will be bullish for pawnstocks . We can see trendline breakouts on the macd and RSI. On an Relative strength comparison to the sp500 we can see some bullish divergence making it a good indication of some big players accumulating this ticker at these prices, likely hedge funds using bearish stocks to hedge their portfolio.
The ceo has been accumulating some stocks though admittedly it is not much as he only has spent spent 20k into this company since the covid crash. Still a good sign though. marketbeat.com/stocks/NASDAQ/EZPW/insider-trades/
By playing trading based on this wedge we might get the chance to catch the peak of the right shoulder of a inverse head and shoulders making this potentially a great entry for a positional trade.
The ceo has been accumulating some stocks though admittedly it is not much as he only has spent spent 20k into this company since the covid crash. Still a good sign though. marketbeat.com/stocks/NASDAQ/EZPW/insider-trades/
By playing trading based on this wedge we might get the chance to catch the peak of the right shoulder of a inverse head and shoulders making this potentially a great entry for a positional trade.
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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.