Chart: - on the weekly chart, it is necessary to overcome the resistance of the 30th - there is a similar figure. - there is a gap level on the 4-hour chart in the area of the imbalance
$GO is at a key resistance point and showing solid strength despite weak market conditions; it's in a sector starting to see relative strength and definitely worth keeping on watch
From a price action perspective on large time frames, this is what I'd expect. The reward/risk here is excellent for a short at over 5. This is a nice setup and risk to stop loss is well managed.
So GO has started an uptrend during the announcement of the increase of interest rate by the federal bank. Unfortunately i entered a little late in this trend but i will make sure to put my stop loss a little below my entry to give it a chance to hold long. GO has still a good shot to increase its value on the market. Despite the fact that one of the director sold...
$GO breaking out of the pivot point - showing relative strength to the general market (that is getting absolutely crushed right now). Would be mindful of how much risk to put on if you're taking this trade.
Grocery Outlet Holding Corp. owns and operates a network of independently operated stores in the United States. The company’s stores offer products in various categories, such as dairy and deli, produce, floral, and fresh meat and seafood products, as well as grocery, general merchandise, health and beauty care, frozen foods, and beer and wine. As of March 1,...
Grocery Outlet Holding Corp. (GO) oversold on the daily! Based on support and resistance we have: Price target: 30.30usd Stop loss: 19.50usd
Stimulus building opportunity for this morning is GO. Bullish Butterfly Harmonic pattern. Has hidden bullish divergence on the daily, momentum is positive. Reaction to the price action at the pattern completion zone has retested an old gap fill from June as support & bounced off of it. Stop/Loss would for me would be $34.64, first target $39.72, 2nd Target...
Hello traders, GROCERY OUTLET HOLDING CORP is in a fake bearish movement with low sell volume made and a hammer candle shape. On the TIMEFRAME M1 we see a tombstone with a purchase volume return issued, it is heading towards its lowest, but will stop before on the VWAP to do its swallowing by testing it. Then again check the different levels of the bollinger and...
id like to see this test previous resistance before entering but looks like a great set up.
My analysis: I'm curious to see how this performs. $GO bounced off the 200 MA back in June and seemed to have triggered a wave 1 and a price channel. This time it broke the price channel but appears to be bouncing off the 200 MA and the start of wave A. Targeted rebound to $41. If it breaks through the channel I am bullish but if it falls below 39.33 after the...
While revenue fell below expectations, Grocery Outlet's earnings skyrocketed ahead of expectations. the company still trades at 1.2x sales and looks to be a medium conviction play. When considering the consolidation in the grocery space in general, as well as FCF for reinvestment, it's worth thinking about the buyout potential for a mid-tier regional looking to...
Stock approaching ATH pre earnings - Possible trade pre earnings or wait for a potential breakout trade - Indicators are high but have some room to run higher
Just got long 50 shares of $GO $35.98 with a stop loss @ $33 for a swing trade. Look set to blast off coming out of a 6 month bottoming base.
The stock is trying to put in a bottom and the recent upbeat earnings may have attracted the attention of some new investors. THE OBV has shown strength for some time while the price has continued to drop which id is bullish and a reversal signal. Seeking alpha earnings article = Grocery Outlet Holding (NASDAQ:GO) reports comparable sales increased 5.8% in...