A Crabby Winter? New Highs, New and Old SupportLet's keep it short and a bit elementary.
Last time Symbotic printed their ATH at closing, we saw months of "sideways" trading, forming a channel and eventually breaking through, downwards, due to a multitude of things. I mentioned this early August or so.
ibb.co
I believe with the recent surge, we're going to see the same pattern over the next few months, with our crab walk bounds between... lets say $55-80 respectively, this is wildly speculative and considers both extremes on each end.. ideally we cool off some and linger around something sustainable above $60 while the company continues to produce actual feasible A.I. solutions.
The good I see based off my readings:
-No debt as a company
-New found, highly experienced management
-Introduction of new hybrid batteries for SymBots, 10x more efficient.
www.symbotic.com
-Introduction of Next Gen Structure / Greenbox
-Continued site expansion into Mexico / Nationwide
A lot of other companies are on an A.I. run as we see the bubble grow, who will remain after it eventually pops? Companies that deliver an actual product that you can see work with your own eyes id say. There will be a "shakedown".
Not professional advice, I drew three lines.
Happy Trading.
Long , but planning to TP some after earnings, November 24th
