GNUS the hated child of penny stocks
Now I wanted to post my TA of a near $1 GNUS was possible, but I didn't cause I don't care nor have a position. I'm just watching it as I eat popcorn
News
-GNUS is bring alot of talented people on its team, yet again this is a growing company trying to establish a foundation. Theres one problem with this tho, its they had years to establish this foundation, so it makes it hard for insituions to jump on to a vision that hasn't pulled through in the past.
-Establish its toys in Walmart and Amazon: good but there is just no establish brand awarness and its a hard competiton going against establish brands, such as star wars and exc. Their toys are mixed in with a bunch others, yet hasn't achieved its brand's potential.
TA
-Well its just keeps on dumping which many reasons can explain this, yet is still in the air.
1: They havn't made much money or if any in the past, so they would dump their shares from a .30cent sideways movement to a peak of 11.8 (I would).
2: It was over hype and the GNUS bubble popped. From the peak it ranges from a 90% correction to about an 86% correction. A bubble is a 70% correction and we are past that.
3: Penny Stock investors are selling and jumping into the next hype train from xspa to gevo.
-Again theres many reasons why this stock keeps on dropping, so what are the supports that we can expect? This could be next at 1.02 (6% downward move), .60 (44% move downward move), or for now .34 (a full entrancement and a 68% downward move).
-Since we aren't at 1.02, I left 1.37 light blue (a 26.7% move upward). Now its very hard to tell where it will bounce and if it can hold any price at all.
Final Thoughts
I'm just watching this as it drops and laughing at Andy's comment comparing his company to Netflix. Theres many problems with his streaming service and one being his offbrand cartoons and rip offs of others. One is a minecraft show, yet is a direct rip off of stampy from youtube. The video style and ep match almost 1 to 1 with the hype of his channel. This is a solid pass and if any advice I can give is remove your streaming service and redo all the cartoons and make them ORGINAL and up the art and visual effects. We live in 2020 and kids can tell with the poor voice acting. An idea is a Caillou spin off of an Orginal story and characters and not follow a 1 to 1 replica.
News
-GNUS is bring alot of talented people on its team, yet again this is a growing company trying to establish a foundation. Theres one problem with this tho, its they had years to establish this foundation, so it makes it hard for insituions to jump on to a vision that hasn't pulled through in the past.
-Establish its toys in Walmart and Amazon: good but there is just no establish brand awarness and its a hard competiton going against establish brands, such as star wars and exc. Their toys are mixed in with a bunch others, yet hasn't achieved its brand's potential.
TA
-Well its just keeps on dumping which many reasons can explain this, yet is still in the air.
1: They havn't made much money or if any in the past, so they would dump their shares from a .30cent sideways movement to a peak of 11.8 (I would).
2: It was over hype and the GNUS bubble popped. From the peak it ranges from a 90% correction to about an 86% correction. A bubble is a 70% correction and we are past that.
3: Penny Stock investors are selling and jumping into the next hype train from xspa to gevo.
-Again theres many reasons why this stock keeps on dropping, so what are the supports that we can expect? This could be next at 1.02 (6% downward move), .60 (44% move downward move), or for now .34 (a full entrancement and a 68% downward move).
-Since we aren't at 1.02, I left 1.37 light blue (a 26.7% move upward). Now its very hard to tell where it will bounce and if it can hold any price at all.
Final Thoughts
I'm just watching this as it drops and laughing at Andy's comment comparing his company to Netflix. Theres many problems with his streaming service and one being his offbrand cartoons and rip offs of others. One is a minecraft show, yet is a direct rip off of stampy from youtube. The video style and ep match almost 1 to 1 with the hype of his channel. This is a solid pass and if any advice I can give is remove your streaming service and redo all the cartoons and make them ORGINAL and up the art and visual effects. We live in 2020 and kids can tell with the poor voice acting. An idea is a Caillou spin off of an Orginal story and characters and not follow a 1 to 1 replica.
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