Sep. 1 at 12:08 PM
$PATH Very optimistic for their ER after hours this Thursday, but I am half anticipating some profit taking leading into it from those that are not long-term holders.
It has run from
$10 on July the 24th to almost
$19 yesterday; there will be some traders that will look to TP before the ER.
If we get a mini sell-off, it would be to the 16s in my opinion. As shown below, we are at a key resistance level so a solid beat and improved guidance, we smash through it and head higher. The ER beat is exactly the type of catalyst that can really start the move here, and it's promising that folks are buying in all month to the lead up to the date, too.
Now, the total opposite could happen and we just continue the run leading into the ER. You have to also be ready for some volatility over the next 3 trading days, so do not be disheartened if we get a little pull back, consider it another buying opportunity for the long-term play 🤝
