Agerfeldt

GRVY - Guesswork

Long
NASDAQ:GRVY   GRAVITY Co., Ltd
Slightly bearish to neutral the next few days. Stoch RSI and CCI indicate a small bearish trend . The stock is extremely volatile, so we might see it at +-170. I don't think it will drop more than that, as a lot are waiting for the annual report. I do believe that their annual report will make it shoot up and break the triangle pattern . It is reported that the revenue from one of their games was twice the expected.
Some extra information:
Two Korean companies got a license so that they were allowed to enter the Chinese market. If Gravity gets a license, the stock will definitely rise quite a bit, as China is a HUGE potential market.
Disclaimers:
- I am very new to TA, and I don't know shit compared to others. Just sharing my thoughts
- I do own stocks in GRVY