NASDAQ:GOGO updated. I broke down from the last bull flag to the support from the bull flag before. Making it only a bigger bull flag with more consolidation. Today GOGO broke out of this bull flag fueled by a good earnings report. Still holding full position. Above $7 is long!
bol="NASDAQ:GOGO"]NASDAQ:GOGO keep looking strong the entire time (even during when markets go down). It is now makeing a bull flag on top of another bull flag. In the new bull flag we can see a asematrical inverse head and shoulders pattern. This one seems to go higher once again.
Credit to @kcty for tipping me off on this ticker. If you look at the long term resistance trendline (dashed red), you'll see it's converging quickly with the recent support trendline (solid green). I don't think recent support trendline will hold, but if it does, look to enter in the breakout window. Not much resistance above the TEMA 200.
The minor pullback...
I dont like the looks of this chart. I know nothing about the company, but this stock is sort of in free fall mode. We hit some mild support recently. I would put my stop just below those, and try to ride this up for a 30% gain and then drop it like it's hot. It does look like it could have a 4 hour TTM squeeze firing long soon. Keep an eye out for that.
1. Small falling wedge
2. Below S3 Support
3. Short Float - 57.99%
4. 78.20 Institutional Ownership
5. MACD Signal Cross
6. Oversold RSI - Bullish Divergence
7. Williams %R Buy Signal
8. Climactic Selling over 7 days ago
Under accumulation and down 86%. With massive short float and high tute ownership, there is limited supply and will create a massive...
We still in the lower level, i think we gonna stay there for couple weeks, more likely till earnings. We should reverse as we did before around earnings. Plus the company is doing pretty good, revenue is going up, new equipments are being installed.
On trend line support and touched the 200 day moving average. The price has to move up in order to confirm stochastic divergence. Once confirmed, expect a move towards the top of the channel.
Target: 12.81 - 13.55 (6.75% - 12.92%)
Leading provider of in-flight WIFI - good news recently - I think a good long investment opportunity - close to support - entry opportunity - I think it can defiantly reach its nearest resistance @ 13.59 which could net you an nice ~9% gain in the ST.