CIFR Short This Week — $15.5 TargetCipher Digital Inc.BATS:CIFRitsSweepedCIFR (Cipher Digital) builds and operates industrial-scale data centers, moving from bitcoin mining into HPC hosting for large AI and compute customers. Q2 came out on August 4 and it was a miss on both revenue and earnings, mostly because they are moving away from bitcoin mining. The buildout side looked fine though, with Black Pearl delivered early and the third data center fully funded. Analysts kept their Buy ratings but cut their targets. From a technical point, I do not see price making any major moves, but that still does not mean we cannot take short term or swing trades. I see price consolidating between $15, the 29 September to 5 October NWOG, and $19. Even though the news from earnings was bad, that does not mean we can short blindly. 🟢 Looking to short price from $18 down to $15, treating the OTE of the monthly range as support and resistance. If I somehow miss the entry, I will look to long it once price is around $15. 🔴 If you see no proper entry, it is better to wait and see what price does than to take an entry blindly. 🔵 I am attaching my NBIS idea for this week, where I am more confident. Check it out. ⚠️ Disclaimer: This analysis reflects my personal market view and is not financial advice. #CIFR #Cipher #Stocks #AI #DataCenters #TechnicalAnalysis #PriceAction #OTE #Earnings #TradingView #NASDAQ