GRVY - Guesswork
Slightly bearish to neutral the next few days. Stoch RSI and CCI indicate a small bearish trend. The stock is extremely volatile, so we might see it at +-170. I don't think it will drop more than that, as a lot are waiting for the annual report. I do believe that their annual report will make it shoot up and break the triangle pattern. It is reported that the revenue from one of their games was twice the expected.
Some extra information:
Two Korean companies got a license so that they were allowed to enter the Chinese market. If Gravity gets a license, the stock will definitely rise quite a bit, as China is a HUGE potential market.
Disclaimers:
- I am very new to TA, and I don't know shit compared to others. Just sharing my thoughts
- I do own stocks in GRVY
Some extra information:
Two Korean companies got a license so that they were allowed to enter the Chinese market. If Gravity gets a license, the stock will definitely rise quite a bit, as China is a HUGE potential market.
Disclaimers:
- I am very new to TA, and I don't know shit compared to others. Just sharing my thoughts
- I do own stocks in GRVY
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