$GRVY HITS KEY SUPPORT LEVEL

4 feb 2021

GRVY Hits a key support level:

The support level is :

1) Related to a previous top
2) 0.786 Fibonnaci retracement
3) At the 89 period moving average
4) The trendline since October 2020

I am getting long at this level:

1) We have a stochastic hidden bullish divergence
2) The company is growing it's earnings per share
3) The general market is going up
4) It allows me to have a nice risk to reward ratio with a relatively tight stop-loss