NYSE:GPS Potential return to 6-12$ range based on Monthly chart
Recent spike on Monthly chart indicates a potential strong upcoming reversal. Potential return to the trading range of 6$ to 12$.
Long term Debt is too high, and Executives and top stakeholders are selling millions of shares at recently spiked prices. Plus insiders with Discounted Stock Purchase Plan have a unique lifetime opportunity to buy shares around 7$ (6 month low), and sell at current market price, which is still 190% gains for immediate exercise.
Hence above favours the Short position.
Comment
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Easy take - Short until 16.5$ Possible - 14.3$ Desirable - 11.7$ Long shot - 10.4$ Ambitious - 8$
@aniHotmail, I have options but the expire 1/26 - might get more a little further out.
Poodle
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@aniHotmail, I agreed with your comment on executives selling; that’s always a red flag. Also ichi cloud on the 4hour turned bearish. Starting to come down.
aniHotmail
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@Poodle, Interesting. I haven't trusted any indicators as much, I'll read more about Ichimoku. I focus on value, short, and long term potential and ability of company and executives to deliver, and ofcourse, debt is real concern these days. What would you look for other than Ichimoku indicator if you were to concentrate more than 20% of your portfolio on any single position in either direction?