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r/stocks
Any hope for BATL
Investor summaryNeutral
Author bought BATL at $2 on geopolitical hype, now down to $1.40, asking whether to hold or sell.
Bull points
- Technical charts show potential to reach $3 on daily and weekly timeframes.
Bear points
- Fundamentally the stock is weak.
- Highly susceptible to geopolitical news reversals, causing sharp crashes.
Post body
I bought 10,000 shares of BATL at $2 yesterday hoping to go to $3 due to Trump’s comments about bombing Iran. Today it crashed after Trump reversed his comments. From a technical perspective the chart looks like it has good potential of reaching $3 in the future on the daily and weekly chart. However, fundamentally the stock is weak. I am now down on my position from $2 to $1.40.
I need advice on this. Do you suggest holding for a hope that oil will go up in the near future and this will go up again or just sell for a loss?
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