Is It Time To Buy Bitcoin-Related Stock SOS Limited?

Shares of SOS Limited SOS have been trending lower, but that may be about to change.

They're getting close to $2.50. Since the end of July, this has happened a few other times, and each occasion was followed by a rebound.

Support is a large concentration of buyers who are all looking to pay the same price for shares. In this case, it’s $2.50.

At support levels, there is more than enough demand (buy orders) to absorb all of the supply (sell orders). This is why stocks stop going down when they reach them. And sometimes stocks rally off of support levels as SOS has done. There’s a chance that it happens again.

To learn more about chart reading, join the new Benzina Trading School.

SOS Logo
SOSSOS Ltd
$6.20-0.21%

Stock Score Locked: Edge Members Only

Benzinga Rankings give you vital metrics on any stock – anytime.

Unlock Rankings
Edge Rankings
Momentum
11.44
Growth
25.45
Quality
Not Available
Value
93.58
Price Trend
Short
Medium
Long
Market News and Data brought to you by Benzinga APIs

Comments
Loading...