Hello Community ,
Lets look on Genius progress and potential future . NASDAQ:GNUS
If we look on stock behavior we can see typical market behavior . Fundamentally looking this company have solid project going on .. Is it smart to INVEST in this one that decision its up to you . I wanted to pointed out some behavior that I'm seeing . I did make profitable trade on this before and I'm keeping this one on my watch list . But in same time makes me want to think how serious is it ,
Today's closing its in decision with out much movement at all . I'm thinking people will jump on a short side with this one and we all know how many times this creates opposite reaction. If price decide to go up SL liquidation will only add more fuel .
If we look on historical charts from other members you will see how bullish every one was and what market did ...
Long story short I personally think that this has a potential to go higher and at least try to cover the gap above that's left but, looks like it will need some positive news or new demand . Its still sitting in my zone from previous chart but I think we will loose the floor here and start looking for new demand pool .
Please share your opinion ,
Likes and comment are appreciated as always .
See you next time .
Lets look on Genius progress and potential future . NASDAQ:GNUS
If we look on stock behavior we can see typical market behavior . Fundamentally looking this company have solid project going on .. Is it smart to INVEST in this one that decision its up to you . I wanted to pointed out some behavior that I'm seeing . I did make profitable trade on this before and I'm keeping this one on my watch list . But in same time makes me want to think how serious is it ,
Today's closing its in decision with out much movement at all . I'm thinking people will jump on a short side with this one and we all know how many times this creates opposite reaction. If price decide to go up SL liquidation will only add more fuel .
If we look on historical charts from other members you will see how bullish every one was and what market did ...
Long story short I personally think that this has a potential to go higher and at least try to cover the gap above that's left but, looks like it will need some positive news or new demand . Its still sitting in my zone from previous chart but I think we will loose the floor here and start looking for new demand pool .
Please share your opinion ,
Likes and comment are appreciated as always .
See you next time .
Trade active:
We saw small bounce from demand zone . followed with some News . will this keep trend up from here . Very possible . I personally day traded this one at the bell and made some profits . Will see what it will do tomorrow ,
