GNRC watch $114.19: Minor but Key fib to end Perpetual Downtrend

27 apr

GNRC has been trying to paint a bottom for the last month.
Now watching the Genesis fib at $114.19 for Break or Reject.
If it rejects then we will watch double fibs at $107.66-107.72

11 mag

Trade attivo

Houston: We have IGNITION

(Yellow shaded area is from posting time)

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Closer look with notes:

Got a PING entry at $114.19.
25% off at 1st TP $117.94 for 4%
25% off at 2nd TP $119.94 for 5%
(I like TPs just before fibs and round numbers)

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What next?

Looking for 10% gains into Major resistance
3rd TP will be $124.94, last TP at 124.74
Trailing stop in case of an unforeseen dip.
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14 lug

Trade chiuso: obiettivo raggiunto

BOOM, boom, and BOOM

Went much farther that originally planned.
Sold last portion at the Golden Covid $154.76.

Another PERFECT trade given by the Fibs.
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