GNUS Channel Bound. For Now
NASDAQ:GNUS remains channel bound with the 618 Fib line acting as a pivot support/resistance. I think there needs to be some info from the company now that they plan on being on the Russell.
On June 8th, the company announced that it will join the Russell 3000 Index after the conclusion of the 2021 Russell indexes annual reconstitution. This will be active when the market opens on June 28th, 2021. One month ago, GNUS stock was around $1.55 per share and it has now reached nearly $2 per share as of June 23rd.
In particular, our recently launched tentpole brand, Stan Lee’s Superhero Kindergarten, starring Arnold Schwarzenegger, has now surpassed 28 million views, averaging now over 4 million views per episode, making this one of the most highly viewed new cartoon launches in history.”
Quote Source: 7 Top Penny Stocks For Your July 2021 Watch List
If it can break the 618 fib, I'd like to see it at least come close to testing the 50 fib. We'll see if it's allowed to move.
On June 8th, the company announced that it will join the Russell 3000 Index after the conclusion of the 2021 Russell indexes annual reconstitution. This will be active when the market opens on June 28th, 2021. One month ago, GNUS stock was around $1.55 per share and it has now reached nearly $2 per share as of June 23rd.
In particular, our recently launched tentpole brand, Stan Lee’s Superhero Kindergarten, starring Arnold Schwarzenegger, has now surpassed 28 million views, averaging now over 4 million views per episode, making this one of the most highly viewed new cartoon launches in history.”
Quote Source: 7 Top Penny Stocks For Your July 2021 Watch List
If it can break the 618 fib, I'd like to see it at least come close to testing the 50 fib. We'll see if it's allowed to move.
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