Long GNUS Swing

24 thg 10, 2020

Genius Brands International swing trade idea. The price has been consolidating in the 1.30's for some time. With today's price action the chart presents a nice trade setup idea going into next week. The price closed on Friday above the 12EMA and the 50 and 200SMA. Price action is being pushed upwards by the 12EMA. The MACD indicator is showing bullish continuation in momentum. The RSI indicator is approaching the overbought area but still has room to go, indicating continuation in current trend. The day closed on above average volume and with bullish sentiment regarding the inclusion of "Beauty and the Beast" movie being included in the lineup, which sparked rumors of a potential Disney buyout. The first price target is indicated in purple as a potential resistance area which coincides with the 100SMA.

27 thg 10, 2020

Ghi chú

Little pullback today with overall market selloff and some didn't like the Shaq's Garage news. Bounced off 1.39 and held the trend. Holding.

30 thg 10, 2020

Đóng lệnh: dừng lỗ

Couldn't keep positive technical trend with overall market selloff. Will reevaluate at later time.