Price Target Hit, Roughly +30.12%
This is a follow up writing for my article published on January 6, 2021, with the title "Weekly Trade Ideas for the 11 Automobile Manufacturers" In that article, I wrote, "Trade Idea: A retest of the previous high around $18.91 is possible." Here is the link to the article:
The current price is $17.15 as of the market close on Monday, January 11, 2021, per Yahoo Finance. That is close enough to the original target price of $18.91. Today, the stock price hit a high of $17.69. Per the above chart, the original price target of $13.30 to the high price of today, which was $17.69 is close enough to the original price target. That is a capital gain of around 30.12%. This completes the go long market idea.
Thank you for reading!
Greenfield
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Disclosure: Charts interpreted and articles prepared by Greenfield. A market idea by Greenfield Analysis LLC for educational purposes only. This is not a solicitation and not a recommendation. Greenfield Analysis LLC has no investment in any of the securities mentioned in the article, and no plan to initiate a trade in any of the securities mentioned. Greenfield does not receive any compensation for this writing. Investment involves substantial risk. You should consider carefully before making an investment and investment is at your own risk.
This is a follow up writing for my article published on January 6, 2021, with the title "Weekly Trade Ideas for the 11 Automobile Manufacturers" In that article, I wrote, "Trade Idea: A retest of the previous high around $18.91 is possible." Here is the link to the article:
The current price is $17.15 as of the market close on Monday, January 11, 2021, per Yahoo Finance. That is close enough to the original target price of $18.91. Today, the stock price hit a high of $17.69. Per the above chart, the original price target of $13.30 to the high price of today, which was $17.69 is close enough to the original price target. That is a capital gain of around 30.12%. This completes the go long market idea.
Thank you for reading!
Greenfield
Remember to click "Like" and "Follow!"
Disclosure: Charts interpreted and articles prepared by Greenfield. A market idea by Greenfield Analysis LLC for educational purposes only. This is not a solicitation and not a recommendation. Greenfield Analysis LLC has no investment in any of the securities mentioned in the article, and no plan to initiate a trade in any of the securities mentioned. Greenfield does not receive any compensation for this writing. Investment involves substantial risk. You should consider carefully before making an investment and investment is at your own risk.
Trade closed: target reached
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