Day Trader’s Aftermarket Lounge 17 Nov 2020, page-13

What I see on SHO from a TA point of view. Multi bagger is correct.

A Golden Cross on the Daily yesterday - big BUY signal for MT/LT investors.
A breakout of 4.0 will see SHO test the historical supply (may be a bumpy ride) through 6.0 - 8.5.
Once it shoots through it will be a pretty quick ride to 12 then onto 16 which will see some headwinds.
A few bounces/tests of 20 could see SHO breakout over 22.. then who knows.. $1?
Such a low MC and tightly held/tiny SOI. Once the market wakes up.. I expect an ICI type rerate on SHO.

All IMO and always DYOR. Lots of factors at play. But TA and FA is good here.