Greenpro Capital Corp (NASDAQ:GRNQ) With Bitcoin making new highs, this stock should be in your watchlist on Monday. A break above 3.18 will impart bullishness and will help the stock move to the short-term target zone of the 3.75-4.1 range.
Greenpro Capital Corp (NASDAQ:GRNQ) Some serious upside volume coming into this stock over the last few days. Correction is very flat and is showing me that the buying pressure remains strong. Look at the big volume bars. That is serious accumulation. Bullish continuation is very probable IMHO if it breaks 3.30 next week, the move could be explosive.
A quick look at GRNQ's chart will show a stock that has been on the downfall for the last three weeks. Yesterday, the stock held nicely its rising EMA200 meaning we could be seeing at least a temporary bottom. I wouldn't be surprised if this stock popped 15-20% in one session soon.
NASDAQ: $GRNQ | #GreenPro has a BEAUTIFUL TECHNICAL SETUP! But, wait for a pullback as it is up 25% on the day! Usually you will see up to a 70% retracement (to the 0.7 fibonacci region) before moving up higher. It looks like WAVE 1 of elliott wave theory is now complete. Now, the journey to WAVE 2 is typically a pullback as described above. Then WAVE 2 to 3 is a...