A 15.64% gain in one day is not bad and is enough for some quick traders!
This is a follow up writing for my article published yesterday 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:
On January 7, 2021, a bull gap today at the morning open and this stock rushed higher to $15.58 as of the market close of January 7, 2021.
Below is a link showing the stock performance on January 7, 2021, compared to my first chart interpretation on January 6, 202.
New Trade Idea: There is still a possibility for this stock to go even higher; however, a 15.64% gain in one day is not bad and is enough for some quick traders. Long-term prediction: Still bullish for this stock. Possible for this stock to pull back because the move today is so great, but if the momentum continues my next price target is still $18.91.
Thank you for reading!
Greenfield
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Disclosure: Charts and articles interpreted 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 yesterday 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:
On January 7, 2021, a bull gap today at the morning open and this stock rushed higher to $15.58 as of the market close of January 7, 2021.
Below is a link showing the stock performance on January 7, 2021, compared to my first chart interpretation on January 6, 202.
New Trade Idea: There is still a possibility for this stock to go even higher; however, a 15.64% gain in one day is not bad and is enough for some quick traders. Long-term prediction: Still bullish for this stock. Possible for this stock to pull back because the move today is so great, but if the momentum continues my next price target is still $18.91.
Thank you for reading!
Greenfield
Remember to click "Like" and "Follow!"
Disclosure: Charts and articles interpreted 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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