$GNC price extension targets Let’s see how GrainCorp sp plays out here. Im expecting an extension from this point at $9.30 or $11.25 before a retrace and reset.
My theory is being led from Fibonacci extension and retracement tools.
G3C trade ideas
Graincorp GNC - Sowing the SeedsSpewing I missed out on dipping in when GNC first caught my eye at $7.40. Strong bullish trend.
Long time frame inverse head and shoulders forming?
Won't be dipping in now, prefer to get in when stocks are weak. Will check back into GNC in a few week's. Let's see how it performs against the magic big thick white line I've drawn out.
Australia's Graincorp looking strong.Price crossed both is 30 day moving average as well as the MACD crossing up which are both reasonably bullish signals.
Could be worth a closer look and doing some research.
GNC - End of 7-day Losing Streak provides a 10-day Upside BiasGraincorp Ltd (GNC) ended its 7-day losing streak yesterday with a gain of 1.61%. Since 2000, 7-day losing streaks that ended with an 8th day gain of greater than 1% usually led to higher prices over the next 10-days.
Looking forward 10-days, GNC, provided an average gain of 5.42%, win rate of 4 from 5, standard deviation 5.71%, maximum 12.14%, median 7.83%, minimum -1.88%.
Disclaimer: This data is not financial advice. Past performance is not a guide to future performance and may not be repeated. Past performance does not diminish the risk expectancy of any strategy. By its very nature ‘risk’ means you could and most likely will experience losses. No representation or warranty is given as to the accuracy or completeness of any information provided. Data is for educational and informational purposes only.
Graincorp - Upside Tendency following 7 Consecutive Down DaysFriday marked the 7th consecutive down day for Graincorp Ltd. Interestingly, last week, Morgan Stanley downgraded GNC from overweight to equal-weight. However, this 7-day losing streak has failed to take the price below the 200-day moving average. Similar types of pullbacks above the 200-day moving average have usually manifested to the upside, with an average 9-day gain of 4.2% & a win rate of 7 from 8.
Disclaimer: This data is not financial advice. Past performance is not a guide to future performance and may not be repeated. Past performance does not diminish the risk expectancy of any strategy. By its very nature ‘risk’ means you could and most likely will experience losses. No representation or warranty is given as to the accuracy or completeness of any information provided. Data is for educational and informational purposes only.
GNC @ 4 Oct 2021Text me if you have any questions/comments for me.
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GNC
- First time doing a written analysis on GNC
- Stock is currently trading at a resistance that was formed during the height of last year’s pandemic crash (purple dotted line)
- Since then, the stock has had more sideways consolidation interspersed with uptrends that last for a few weeks
- Stock is bounding around the short-term support and a successful rebound from here will provide an opportunity for entry
- A successful rebound is around 6.60 levels
- R is less than 10%
- Strategy-to-buy (DYOR) – Suggest waiting for a successful rebound before plotting entry or waiting for a successful breakout of strong resistance
Go Long on Graincorp $GNC #gnc #asx #asx200 #ausbizI like the chart pattern here,
technical indicators such as TD Sequential, RSI, MACD are showing signs that bulls are still in control and more upside to come in the coming days/weeks.
GNC.ASX_LongENTRY: 4.67
TP1: 4.83
TP2: 5.18
SL: 4.45
- ADX<25. Would like to be higher.
- RSI>65.
- FFI and RS +ve
- Daily, Weekly, Monthly MACD +ve
- MAs are aligned. 10MA below 40MA but pointing up
- Broke up down-trendline on 9 Feb 2021
- Break up HVN (4.48) and resistance (4.65) today
Buy GNCLooking at a top down approach with the staples sector it looks good for run up, with a nice pull back to 13 and 20 EMA. This is why i'm looking to buy GNC, it has hit new month low on support and its below the RSI level of 30. therefore this stock has been smash to the downside, looking to counter trend this stock for the rally.
