Dec. 15 at 6:53 PM
$LOGC The Setup - Reclaimed
$7-7.5 range as base. Consolidating
$7.5-8 for months now. Volume spike Dec 9-10 (2.7M/2.1M) on push toward
$8 = absorption zone being tested.
The Edge - NOLs are your asymmetric bet. This is basically tax armor for future profits. Acquisition for those NOLs = Boom.
Levels -
$8.40 is the resistance ceiling (hit Nov/Dec). Break + hold =
$9+ zone opens. Support sitting
$7.20-7.40 (held 4x). Below that, back to
$7 base.
The Play - Beaten down w/ NOL value + regulatory pressure created shake-out. Classic Burry setup - hated past, hidden value. Just need a catalyst...
https://share.trendspider.com/chart/LOGC/949937ih1c7