The selling pressure has decreased a lot and now GO is ready to turn up again.
📈BUY- LONG Strategy
- Buy in the area 40-45sts
- Sell in 2 zones 65-70sts and 80-85sts because I do not trust the old coins, they might be delisted anytime
- GO gets too bad if it loses the 40sts and we'll sell it
YOU ALREADY KNOW WHAT THE FUCK TOMORROW AND WEDNESDAY IS. SPY POOOOOOOOOOOOOOOOOTSS GO BRRRRRRRRRRRRR OR SPY CAAAAAAALLLLLLLSSSS GO BRRRRRRRRRRRRRRRR. EITHER WAY YOU HAVE TO BE FUCKING READY, CHECK OUT MY LEVELS THEY GO BRRRRRR.
While revenue fell below expectations, Grocery Outlet's earnings skyrocketed ahead of expectations. the company still trades at 1.2x sales and looks to be a medium conviction play.
When considering the consolidation in the grocery space in general, as well as FCF for reinvestment, it's worth thinking about the buyout potential for a mid-tier regional looking to...
Crossing over ~117sats w/ increasing volume and UCTS Buy signal flashing on the 1D chart...
Continuation above this level (R/S flip as confirmation), could lead for ~142/181 sats as targets similar to June trade.
GO/BTC is in a BIG BULLISH TRIANGLE! Over 90% Gains!
Patience is Key!
Enter aggressive now at bottom of triangle, or enter breakout, or enter retest..
Lots of support for every risk tolerance..
Trade safe my friends...
GO has broken out of the Falling wedge pattern, but the way to form this pattern is unsustainable, leading to a strong increase of GO will be very difficult.
GO will go slowly and will reach 140sts in August, 180sts in September and even 220sts in October.
Private idea :