Sign In  |  Register  |  About Santa Clara  |  Contact Us

Santa Clara, CA
September 01, 2020 1:39pm
7-Day Forecast | Traffic
  • Search Hotels in Santa Clara

  • CHECK-IN:
  • CHECK-OUT:
  • ROOMS:

CleanSpark stock: technicals suggest it could rip higher from here

By: Invezz
cleanspark stock price forecast

CleanSpark Inc (NASDAQ: CLSK) has close to tripled already since its year-to-date low in January but technicals suggest the stock could push further up from here.

Technical indicators that suggest buying $CLSK

Shares of the Bitcoin miner may extend gains as its Stochastic Oscillator pulled out of the oversold zone on Monday. Such a move is broadly seen as a bullish signal.

$CLSK also had its 10-day moving average recently cross above its 50-day moving average which also suggests upward momentum.

Nothing is priced in. pic.twitter.com/nS7ypE4TVQ

— Dylan LeClair 🟠 (@DylanLeClair_) March 11, 2024

CleanSpark stock is attractive also because its monthly Bitcoin production was up 12% in February. The Nasdaq-listed firm now holds in excess of 4,200 of the world’s largest cryptocurrency by market cap.

Its hashrate grew a whopping 60% to surpass 16 EH/s, as per a press release its posted earlier in March.

CleanSpark stock has upside to $26

Note that Brian Dobson – a Chardan Capital analyst doubled its price target on CleanSpark stock to $26 that suggests another 35% upside from here.

$CLSK may be worth owning particularly because its price is coupled to the Bitcoin that made an all-time high this morning on the back of ETFs-driven inflows.

Still, many believe the price of a BTC will continue to surge higher from here. In fact, Tom Lee of Fundstrat Global Advisors expects it to hit $150,000 over the next twelve to eighteen months as the total supply of Bitcoin is slated to halve next month as well.

Watch here: https://www.youtube.com/embed/F02qPg_9O0g?feature=oembed

Shares of CleanSpark do not currently pay a dividend yield, though.

The post CleanSpark stock: technicals suggest it could rip higher from here appeared first on Invezz

Data & News supplied by www.cloudquote.io
Stock quotes supplied by Barchart
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the following
Privacy Policy and Terms and Conditions.
 
 
Copyright © 2010-2020 SantaClara.com & California Media Partners, LLC. All rights reserved.