(Nasdaq: SLE) Could Be On The Verge Of A Breakout Spark (Potential Red To Green Moves Approaches)
Red to green move incoming? Full attention needs to be on SLE right now.
After establishing a new 1.5 month high of $1.89, SLE made a slight pull back.
That's where things could get interesting...
With potential red to green move nearing, SLE could start gaining some serious buzz as a possible breakout target.
And with roughly 3.5Mn shares in its float, volatility could appear quickly with this one.
Remember, SLE is trading above 2 key technical lines while still way below its 200-Day Simple Moving Average above $7.00.
Could chart resistance be waning for SLE to return to previous highs?
Get this Nasdaq idea on radar right now before it's too late.
This past Friday we identified a breakout idea needing immediate attention.
Brought to you at the opening bell, that NYSE American profile was targeted as a low float idea with explosive volatility potential.
Surging from an open of $.206, that breakout runner popped to a high of $.25 on the day.
That's an intraday run of approximately 21%.
But now it's time to turn to something new...
Uncovered recently, this Nasdaq breakout idea could become this week's most talked about profile.
Turn your attention right now to:
Super League Enterprise, Inc. (SLE)
Super League is a leading strategically-integrated publisher and creator of games and experiences across the world’s largest immersive digital platforms.
But here's what's "super" interesting...
SLE Is A Low Float Scenario (Volatility On Watch)
According to the Yahoo Finance website, SLE has a low float.
The website reports this profile to have approximately 3.5Mn shares in its float.
Why is that important? It's important on one crucial level. Volatility.
Could SLE's low float create the potential for a major breakout spark near term?
Key Chart Positioning Right Now
Not only does SLE have a low float, its current chart positioning is must-know material.
Going into today's opening bell, SLE was trading above 2 important technical chart lines in its:
- 50-Day Simple Moving Average (SMA)
- 13-Day Exponential Moving Average (EMA)
If support continues to grow at those key levels, there may be a ton of vertical room to move before SLE runs into resistance as its 200-Day SMA is currently above $7.00.
That's triple-digit upside potential from SLE's closing valuation Monday.
Now, that's not to say that SLE is going to return to any previous high, but the massive potential upside is too great to ignore.
Coverage is officially initiated on SLE. When time allows, do this: