The chart shows a strong bearish trend that started in February 2021 and is not finished yet. It coincides with an ABC wave pattern of Elliott's Wave Theory. Despite this, it is likely that the price is near the end of this downtrend with the possibility of a new upcoming impulse. This is due to the fact that wave C of the ABC is forming its last wave 5.
It is...
Guardian Health has had nothing more than a dead cat bounce along with the overall market today, the long term chart is in a nasty downtrend and we're in a bear market, rallies are to be sold, not bought
Hello! I'm a complete beginner, so I just want to see if my process is right or way off. Guardant is a player in highly anticipated precision health market. I ran a stochastic oscillator and it looks like the asset is just coming out of a long period of oversold levels (literally about to come over the 20% mark as of 12 April 2021) and looks like the time to buy...
GH hit the bottom, snapped back up, and has not stopped since!
This one I did buy at the bottom, but not enough, planning to get more shares later. GH has not cooperated with my plan as of yet )o: So I am hoping a pull back occurs soon. Bottom dwellers usually stay on the bottom longer than GH did as I do a lot of bottom fishing. Price is at resistance from a...
NASDAQ:GH :
Price pullback to previous breakout level around $112. Currently testing the lows prior to the breakout, which is a good support zone (support and resistance).
The level that price is currently testing also happens to be the price of the 61.8% Fib. retracement @ $98.20. This would be a good support zone for price to consolidate before the next move...
Hi Fellow Viewer.
There is 3 reason why i buy Guardant Health Inc
1. Industry well known product
Guardant360 and GuardantOMNI both are wide use and essential uses in cancer treatment, those product assists healthcare professionals match cancer patients with the best treatment options. The advantages of product is faster diagnostic, reduce of the treatment, and...
This is a technical based short.
Reasons for entry :
-RSI overbought - 74.87 and we see a reversal
-Trading above avg target price $141.67
-Within 5% of 52 Week high .
Profit targets achieved using Fibonacci re-tracement, I like 0.618 level, it looks good with the blue prior resistance trend line (which is now the support should we continue it up the chart) ....
RSI, Volume and Chart support an entry . However, we do not have a proper sell signal on MACD , which I normally do not use but decided to add it on for this idea . I still think the risk is acceptable to enter with a small position ( just over 1% of account ).
Target is 0.618 fib level.
Looking at the fundamental metrics I also don't see anything too alarming so...
NASDAQ:GH has been moving sideways for 2+ months forming an ascending triangle with a very well defined resistance line. The stock reported earning last week and looks set to breakout this week.
