Generac Holdings Inc.
Updated

GNRC eyes on $200: Round number plus Dual Fib resistance zone

142
GNRC got a strong surge from last earnings report.
Currently testing a major resistance at $200.15-201.78
Looking for a Dip-to-Fib (likely) or Break-n-Retest to buy.

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Previous analysis that caught the PERFECT BREAKOUT:
GNRC watch $114.19: Minor but Key fib to end Perpetual Downtrend


Hit BOOST and FOLLOW for more such PRECISE and TIMELY charts.

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Trade active
PLUNK! .. (yellow shaded area is from posting time) snapshot Dropped EXACTLY from our zone and TO another pre-mapped zone.

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Closer look with notes: snapshot Got a PING entry (twice actually) but one entry.
Quick drop to first TP where I closed 25%.

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What next? snapshot 3 more TP's to get 5.45%, 8.86%, 10.8%, 11.59% gains
Stop Loas at Break Even for now, will slide down soon.

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Note
TP 2 hit snapshot
Closed another 25% of the short position.
Moved Stop loss to a little above fib zone.
Looking for 2 more targets at next fibs.

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Note
TP 3 Hit snapshot Closed another 25% of the short postiion.
Moved stops down to covid Fib at $183.83
One more Target (close by) to go at $178.28

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Trade closed: target reached
Houston: the Eagle has landed! snapshot TP 4 hit, closed final 25% of postion.
Will be looking for longs next.

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Another PERFECT trade with CLEAR entry/exits given by the FIBS.
Hit BOOST and FOLLOW for more such PRECISE and TIMELY charts.

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