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$DRIO - technical pattern detected
I have been following the company since the pandemic and based on all the analysts note I've reviewed, I am expected some big news in the quarter. The chart is signaling my intuitive thinking. Considering this low float, tightly held stock and how far apart the moving averages are, I expect the move to be big. When this stock moves on big news, is it reflected in the price action. This ticker has had several 4 - 6+ pt moves in a day once it becomes liquid.

Another reason that is justifying my thinking is the latest 13fs. Nanathala and Collaborative (long term/sticky money anchor tenants) have doubled there positions (over 1+m shares of open market buying) this Q. They have cost avg'd down and in doing so have kept the supply tight. This leads me to believe that they have been close to management during this downcycle with Teladoc and other digital telemedicine plays, however smart money being smart money, continued to buy when the stock is was at its weakest (top technical of money flow into the stock almost green when it shouldn't). Stock has been getting comfortable sitting on the other side of the 20sma, and seem to be slowly letting it out (would like to see this starting to close above 9.25 - next should be 10.36) before news (I'm thinking). However, my cross over on the vortex (first time in a long time) has me smiling.

If you followed me on MOTS you bagged 40+ percent on a trade, but I am holding for bigger percentage plays. DRIO still hasn't had its "I've arrived day trading session" where it's traded its float 3-4x). If that happens, don't know what can happen here. Happy trading. I am long $DRIO
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