stuck in this downtrend channel right now but has bounced off 11 support plenty of times in the past! look for a breakout of trendline before entering long though! target 16-18 after breakout confirmation :)
Please do yourself a favor and deposit some money into Webull and buy at least 25 shares of this stock.
I listed some key buying points and the future for this stock is very positive.
Enjoy and trade safely
Before going to technical part of the story, you may want to check-out this quick read with highlights on David Katz (analyst from Jefferies) putting $28 target in next 12 months.
More here: finance.yahoo.com
Currently, the stock is hovering at key level 15.5 (YTD fib 0.23 and also IPO open).
I expect it to...
The weekly charts shows more down side...
I think if it does go down to $12 We could see some big action there.
If you have conviction for this play it might not be a bad idea to average in.
not a reccomendation to buy
EOY PT - 60$
172,500,000 cash injection for warrants.
Jersey numbers the 16th.
Michigan numbers the 17th if it follows last month.
Earnings have to come this month by law.
We will break guidance easily.
We actually have profit unlike the rest of the sector.
The product won EGR North American operator of the year 4x straight ('17-2020)
NASDAQ:GNOG is another one of these "buzz" stocks that have TONS of potential, but just seem to be continually getting whacked. These stocks may take a while to find their bottom, so don't get crushed waiting for that to happen. When this stock breaks above the resistance line displayed on the chart, that is when we will start pouring the SCOTCH.
Falling wedge along horizontal support line
Daily hidden bullish divergence on the MACD and RSI.
4hr hidden bullish divergence on the RSI
Stop = Below horizontal support
1st Target = Resistance/0.5 fib extension (primary target for falling wedge)
2nd Target = Resistance