GDRX just completed a .618 W2 retracement and I believe it's in the process of W3, targeting its previous ATH. Could soon break out of the wedge pattern that's been forming since IPO. - AVWAP. Closed above some interesting points - from all time high, low from Amazon news, and recent swing high/low. - Dark Pool. @soumyazen from Twitter has mentioned that GDRX...
Goodrx is in the cloud software healthcare sector. Nice looking bullish pennant (lower highs , higher lows) on daily with over 28% short interest. Finviz has a $48 price target. Microsoft has earnings next week, so they should push all SaaS/Cloud stocks next week. Good luck!
Not much history on this stock but with more potential lockdowns telemedicine seems like a buy to me. Testing my luck on this one. We have to at least bounce off support If it reaches $49-50 then we would have a cup and handle and target of $60-65 is possible. However, nothing on this chart screams BUY to me. Sometimes you have to make dumb decisions to get dumb...
GoodRX IPO’ed on September 23, 2020, and GoodRX NASDAQ:GDRX stock had a good performance for an IPO for about 2 months. It was a solid $51.50 per share stock. Then news broke on November 17th about Amazon Pharmacy. I believe investors didn’t really understand what the Amazon Pharmacy news was actually telling us. More on that in a minute. GoodRX gapped down...
I was able to catch this guy at the bottom, this doesn't happen usually.
Waiting to see where goodrx finds support. That gap will be filled at some time.