Welcome to RiskMastery's Breakout Stocks - Stocks with breakout potential.
In this edition, we'll be looking at NASDAQ:GRVY ...
I believe this code is at a point of potential volatility.
If price can hold above $75.30 ... Bullish potential may be unlocked.
My key upside targets include:
- $79.97 (Conservative)
- $94.40 (Medium)
- $112.54...
#GRVY is replicating what it did previously, and if you look with attention you can see that the actual support can broke seeing #GRVY going to the mayor support around the price of $49/$51. That it will be an amazing buy-in for this stock that can reach 200/400$ easily.
Gravity
Short Term
We look to Sell at 52.99 (stop at 55.66)
Bespoke resistance is located at 55.00. Choppy price action seen. Our outlook is bearish. Selling spikes offers good risk/reward. The rally was sold and the dip bought resulting in mild net losses yesterday.
Our profit targets will be 43.20 and 41.20
Resistance: 53.00 / 60.00 / 65.00
Support:...
Gravity
Short Term - We look to Buy at 54.02 (stop at 48.54)
Further upside is expected although we prefer to buy into dips close to the 54.02 level. Posted a Double Bottom formation. The formation has a measured move target of 71.31. Although selling has been posted overnight, the selloff has been limited.
Our profit targets will be 71.31 and 79.10...
Gravity
Short Term - We look to Sell at 55.14 (stop at 59.41)
Bespoke resistance is located at 55.00. A Doji style candle has been posted from the high. Our outlook is bearish. Selling spikes offers good risk/reward. The rally was sold and the dip bought resulting in mild net losses yesterday.
Our profit targets will be 43.09 and 41.20
Resistance: 55.00...
Gravity
Short term - We look to Sell a break of 48.50 (stop at 51.00)
The move lower is mixed and volatile, common in corrective sequences. Price action has posted a bearish Hanging Man and is negative for short-term sentiment. Downward pressure has continued and the previous support area of 48.51 - 48.77 is under threat. A break of 48.50 is needed to confirm...
Head and shoulder patterns do not do well in a bull market. They perform well in a bear market. Inverse head and shoulders perform well in a bull market, not so great in a bear market. GRVY has fallen past significant sources of support.
The head and shoulder patterns I have noted recently either use the neckline as support then bounce off of it, or they do...
Slightly bearish to neutral the next few days. Stoch RSI and CCI indicate a small bearish trend. The stock is extremely volatile, so we might see it at +-170. I don't think it will drop more than that, as a lot are waiting for the annual report. I do believe that their annual report will make it shoot up and break the triangle pattern. It is reported that the...
NASDAQ:GRVY Hits a key support level:
The support level is :
1) Related to a previous top
2) 0.786 Fibonnaci retracement
3) At the 89 period moving average
4) The trendline since October 2020
I am getting long at this level:
1) We have a stochastic hidden bullish divergence
2) The company is growing it's earnings per share
3) The general market is going up
4)...
