Follow-on to MARA is DPW

Digital Power Corporation (DPW) saw the start of it's run on the back of crypto craziness.  Held steady all day, then popped right after the close, and it was a short trading day.  This company owns a company that mines crypto.  If you don't know anything about mining in cryptocurrencies or block-chains you just need to know that it doesn't work without machines crunching extremely difficult numbers.  This in-turn requires a significant amount of energy.  If you google anything about mining you will see watts and power cost as a critical factor in determining profit.  This may not be so true anymore with BTC over $8000 but as there are over 900 crypto currencies many aren't in that valuation.  DPW provides efficient power technologies that mining rigs (the term for specialized computers that mine cryptos) that help alleviate the power concern.

Here is the pre-market close chart:

I drew the trend lines and it's also worth noting the RSI was right about 50, so neither overbought or oversold.

Here is the AH chart:

A pretty solid bull-flag after it caught a lot of peoples attention.  Stocktwits watcher jumped tremendously as it was being discussed across the likes of MARA and RIOT today.

We expect a pretty substantial run Monday, and if this sets up like the other Crypto related companies who knows where it will stop.  I'd place a good STOP on this but it held around .80 well today.

Happy Trading...