Overbought GNK is time to Sell Short
تم تحديثه
I love using overbought and oversold analysis and patterns when scanning for moves. This is overbought.
RSI (not pictured) was up over 77 on the 1 day chart. Anything above 70 typically triggers an alarm for me. I'll be looking at a mark around $9.50 as a good "buy to close" price but obviously $8 a share is not out of our target range here.
Let's see if we can't box this win up in 15-20 days.
RSI (not pictured) was up over 77 on the 1 day chart. Anything above 70 typically triggers an alarm for me. I'll be looking at a mark around $9.50 as a good "buy to close" price but obviously $8 a share is not out of our target range here.
Let's see if we can't box this win up in 15-20 days.
تم فتح الصفقة
4 days later and here we are opening GNK at $9.76This is a profit I am happy with, but will look to see how this Friday market treats the stock.
News came out yesterday that will impact the business in a negative light, so could be good to continue to trend down as more people sell off shares.
أغلقت الصفقة: تم الوصول للهدف
Reached $9.45 today on Sep. 23 and triggered a stop set at $9.50 and sold moments later when reachedNice little 7 day trade at about half the time originally thought for roughly 14% ROI
Let me know if you are still in this trade and how it is working out for you!!!
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.