Gotu will come back to retest these levels and close the gap.
The upward movement if something is there then it will be after that. Wait for the entry there. this is a short setup. Long at the bottom levels.
Gaotu Techedu Inc, formerly GSX Techedu Inc, is a China-based holding company principally involved in the provision of technology-driven education services. Through its subsidiaries, the Company is engaged in the provision of online K-12 after-school tutoring services.
Due to the recent introduction of the 'double reduction' policy by the state to regulate the country's expensive private education industry, Gaotu is looking to adjust its focus.
The Chinese edtech firm Gaotu released its Q2 earnings report for the period ended June 30, 2021, on September 23 2021.
- Net revenue was CNY 2.23 billion, a 35.3% year-over-year...
All Chinese stocks have been getting hammered lately. It is safe to say that the Chinese market are currently in a bear market and scary as it may seem the US stock market might be next. Regardless of that, GOTU might pump for a little bit. what I am concerned about is that huge red cloud in the ichimoku cloud. It will be tough for GOTU to get out of the current...
GOTU had negative earnings last year, -1.39 Billion dollars to be precise. So it`s a money eating machine that burns a lot of cash just to operate. How do you see Gaotu Techedu raising money this year? Would you buy a public offering from a nonprofit company?
Now look at the 15% recovery today and think about this perspective: a temporary recovery in share...
Tempted to short this garbage since it's up 8%, but gonna wait to see if it gets a gap fill to buy some Aug puts. It'll hit $10 before expiration. Too many open puts to get into it until Friday afternoon.
Usually drops when hourly gets overbought, not there yet.
Chart pattern says wait for the hourly to go overbought then short, lol. Nobody wants to own this PoS, it's just short covering today and probably tomorrow. Might buy puts again if it hits gap resistance at $14.5 Depends on what else is going on.
GOTU has been a bleeding for the past few days and even weeks. after finally waiting for a confirmation of a reversal I believe now we might see it. The possible double bottom on the daily chart is giving me a good feeling to go long. Recently we looked up a high volume of long calls being purchased by institutions so lots of bullish signals on this stock. if GOTU...
$GOTU had some interesting call buying in the 25C and 30C. Might have missed the move already but it's worth keeping an eye on this setup for continuation.
GSX Techedu Inc is a technology-driven education company with core expertise in online K-12 courses. Its K-12 courses cover all primary and secondary grades. It also offers foreign language, professional, and interest courses. The company's segment includes the provision of education services. It operates solely in the PRC and all assets are located in the...
Here's one for kicks and giggles, GOTU is headed below $10, not sure if it happens next week or not but I bought 10 contracts of $12.50 puts for 45 cents, lol. Rare to see a straight out Enron tank like this.
Don't go too heavy, it may not hit $10 until the following week if it throws a continuation pattern next week. Short the pops though...
Swing trade:
Forming H&S within potential double bottom. Swing trade target 36. Enter after breakout at 26 and set stop loss below right shoulder.
Investment:
This is a good potential entry from an investment standpoint with a potential double bottom forming in the daily timeframe. The crash from Archegos fallout of was a technical crash and has not altered this...
Gaotu Techedu, Inc. is a technology-driven education company. Its core expertise is in online K-12 courses, and online K-12 large-class after-school tutoring service provider in China. The company's K-12 courses cover all primary and secondary grades. It also offers foreign language, professional and interest courses. The company was founded by Xiang Dong Chen in June 2014 and is headquartered in Beijing, China.
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