A 10.48% gain in one day is not bad!
This is a follow up writing for my article published yesterday January 6, 2021, with the title "Weekly Trade Ideas for the 11 Automobile Manufacturers" In that article, I wrote, "Trade Idea: Too early to determine anything." But I marked an arrow to around the price of $45.37. Here is the link to the article:
On January 7, 2021, a bull gap today at the morning open and this stock rushed higher to $44.99 as of the market close of January 7, 2021. I do consider the price target is met today because $44.99 is not too far from $45.37.
Below is a link showing the stock performance on January 7, 2021, compared to my first chart interpretation on January 6, 202.
Trade Idea: Still too early to determine the longer trend. Still bearish, but more bullish.
Thank you for reading!
Greenfield
Remember to click "Like" and "Follow!"
Disclosure: Charts and articles interpreted by Greenfield. A market idea by Greenfield Analysis LLC for educational purposes only. This is not a solicitation and not a recommendation. Greenfield Analysis LLC has no investment in any of the securities mentioned in the article, and no plan to initiate a trade in any of the securities mentioned. Greenfield does not receive any compensation for this writing. Investment involves substantial risk. You should consider carefully before making an investment and investment is at your own risk.
This is a follow up writing for my article published yesterday January 6, 2021, with the title "Weekly Trade Ideas for the 11 Automobile Manufacturers" In that article, I wrote, "Trade Idea: Too early to determine anything." But I marked an arrow to around the price of $45.37. Here is the link to the article:
On January 7, 2021, a bull gap today at the morning open and this stock rushed higher to $44.99 as of the market close of January 7, 2021. I do consider the price target is met today because $44.99 is not too far from $45.37.
Below is a link showing the stock performance on January 7, 2021, compared to my first chart interpretation on January 6, 202.
Trade Idea: Still too early to determine the longer trend. Still bearish, but more bullish.
Thank you for reading!
Greenfield
Remember to click "Like" and "Follow!"
Disclosure: Charts and articles interpreted by Greenfield. A market idea by Greenfield Analysis LLC for educational purposes only. This is not a solicitation and not a recommendation. Greenfield Analysis LLC has no investment in any of the securities mentioned in the article, and no plan to initiate a trade in any of the securities mentioned. Greenfield does not receive any compensation for this writing. Investment involves substantial risk. You should consider carefully before making an investment and investment is at your own risk.
Trade closed: target reached
There is a typo in the title of this article. It should be instead just 5.59%. I am sorry about the typo.