TradingView
juniorsantiago7
Nov 2, 2023 1:17 PM

GNRC showing sign of an uptrend coming Long

Generac Holdings Inc.NYSE

Description

Hey traders, I've been watching GNRC and I think it's ready for a bounce. It's been in a downtrend for a while, but it's showing some bullish divergence on the RSI and MACD. It also broke above the 20-day EMA, which could act as support. I'm looking for a long entry around $350, with a stop loss below the recent low. My target is $400, where it could face some resistance from the 50-day EMA. This is just my opinion, not financial advice. Trade with caution and good luck!
More