GAN is a provider of software for online and mobile gambling. They recently just expanded their portfolio of software from just backend software (regulatory reporting, payment services, location verification, player identify validation, account registration ECT.) to consumer facing software with the acquisition of CoolBet (streaming, betting data, betting odds...
Waiting for long entry level can help folks avoid possible resistance and also avoid a losing trade. I admit I do not Always do that but I do try. I was in this one before I saw the cup forming..so oh well (o:
The HL or Mid cup can provide support
In a bullish market, a security can reach 100% and above using fib levels.
100% is 44.22..
Cup depth is 15.17
Now...
I do not see a true handle yet..if you do let me know (o: So possible cup and handle in formation
Waiting for long entry level can help folks avoid possible resistance and also avoid a losing trade. I admit I do not Always do that but I do try. I was in this one before I saw the cup forming..so oh well (o:
Mid cup can provide support
In a bullish market, a...
Sold my LCA position after the price up after the merger, and now looking at the sector as it is looking good. GAN seems like a good pick and the price target according to analysts is 30 dollars.
CNBC top pick for 2021 resulted in a nice pop in the
stock today.
lets see if tomorrow can bring a break of trendline and open
the chart up for a move to the mid $20's.
POC and weekly candle resistance @ $20.90 is first major resistance block.
Have been doing my research on this company and so far the financials look good. They provide the software for casino online gaming, and expect this company to eventually go up along with this sector. Thinking of opening a position, but for now i will wait and see what it does the next few days.
Here is a great opportunity to go long on GAN .
At Three Percent Trades we have a price target of $25 - $30 / share, which is a potential upside of 51 - 81% from the current level.
We use a combination of fundamentals & technical analysis to trade high probability set-ups, and believe this is a great opportunity to take advantage.
Bull case:
-hot sector > backbones of online casinos, like PENN
-nfl beginning!
-Earnings are forecast to grow 108% pear year.
-retraced to .618fib
-forming double bottom around whole number $20
-AO and Stoch showing a little divergence
Bear Case:
-price trading under heavy consolidation area between 20-21
-making lower highs and lower lows (head and shoulders...
