GOED - Channel trade
Updated
2021-11-18
Markets are mixed, possibly turning bearish (near all time highs)
Goed has been on a long term down trend.
Goed entered channel trading (consolidation) starting June 4 2021
2.37 Bottom of channel
3.45 top of channel
Tested support at bottom 3x
tested top 2x ( This trade hoping for a 3rd) by Dec 29th.
This stock has under performed the market significantly lately
Earnings 15th of Nov mostly positive.
This is a technical trade. Hoping to touch my target for a sell. If this turns bullish and runs, will hold. No upcoming events to be concerned about.
Avg price 2.435
profit taker = 3.45
loss = 2.27
I entered the trade hoping that this stock will stay inside the channel and not fall below.
This company is possibly very oversold with room to run to the upside
Insider buy at avg price of 2.80 on Sep 15th of 330,000 shares by Albert Fouerti, director, chief executive officer.
Markets are mixed, possibly turning bearish (near all time highs)
Goed has been on a long term down trend.
Goed entered channel trading (consolidation) starting June 4 2021
2.37 Bottom of channel
3.45 top of channel
Tested support at bottom 3x
tested top 2x ( This trade hoping for a 3rd) by Dec 29th.
This stock has under performed the market significantly lately
Earnings 15th of Nov mostly positive.
This is a technical trade. Hoping to touch my target for a sell. If this turns bullish and runs, will hold. No upcoming events to be concerned about.
Avg price 2.435
profit taker = 3.45
loss = 2.27
I entered the trade hoping that this stock will stay inside the channel and not fall below.
This company is possibly very oversold with room to run to the upside
Insider buy at avg price of 2.80 on Sep 15th of 330,000 shares by Albert Fouerti, director, chief executive officer.
Note
Stop loss triggered Market is really hard on growth stocks atm and is rewarding the tech giants which are setting new highs
Note
So much more Insider buying over the last 4 months. I am going to double my position on Monday and hold long term over a few years.
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