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poggo_
Dec 25, 2022 5:40 AM

GOTU long Long

NYSE:GOTU1D
Gaotu Techedu Inc.NYSE

Description

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Very big speculation play. I think there has been a large build up/accumulation of shares in these Chinese EDU companies over the last couple of months, mainly TAL, GOTU, and EDU. GOTU rejected the opening of a big gap, could this be the beginning of a big gap fill? I'd like to say yes but it could be the rejection that takes it down to $2.
Chart PatternsTrend Analysis
Comments
michael98322
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Having the same thoughts. Been following for a while now. Honestly expected it to fall back to the $2.30 range after reaching $3.70 - $3.75.
poggo_
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@michael98322, yeah its gonna roll over a bit before it attempts the gap
Blu_Sky
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@michael98322, it did bounce from 2.21. Looking good as it is building c&h. Gap fill v likely.
poggo_
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@Blu_Sky, Definitely bro. Im long 3.5c for April.
Blu_Sky
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@poggo_ seems to be returning to mean $23-27 range
michael98322
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@Blu_Sky, @poggo_
Was running strong until this afternoon. The 4$ range acting like an electric fence LOL
Blu_Sky
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@michael98322 given others … TAL EDU did well, I think MMs are just trying to take stops out. Also, GOTU had run hard relative to others.
poggo_
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@Blu_Sky, fucking love this setup. $4 next into the gap.🚀
Blu_Sky
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@poggo_ yup, it did really good today. Break that 4.20 ceiling and off to the races. 9.5 first and possibly 23 -27 range. 👍
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