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 does not hold 13 this stock will be dropping as low as 10 and will invalidate the double bottom. However, if it does play as I expect it too, I believe this stock will reach 25 by next month. A good August or September call should pay nicely.
Remember always look for confirmation do not try and catch the dip with out confirmation because you might just be catching a falling knife.
Remember always look for confirmation do not try and catch the dip with out confirmation because you might just be catching a falling knife.