Perfect example of keeping an eye on volume. Here GAN is up 5% and working on a bullish engulfing candle. Then you look at the volume and it's not even anywhere close to it's avg 10 day volume...(white line). 300k volume. Fake price action used to lure buyers in. My opinion anyways. As pretty as a setup this was the volume just isn't there to stay in this trade.
Not a bad first day on this one either ! And we haven't even gone positive on the mac d yet ! 10% ish since entry. This is such a pretty setup. Sell area at the top of the range....last time it took 3 months to get from bottom to the top.
Look at this ! Double bottom on an area of historical support. beautiful bullish divergence on the MAC D.Huge upside potential on this one !
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.
Notes provided. Just testing some theories out. Please, kindly offer some feedback if you see anything that I can adjust to make my analysis better.
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.