GTLB a software company dives on an earnings beat LONG
Updated
GTLB did a deep dive shaving 20% off its market cap after the earnings report. I see this
big dip as a buying opportunity for a software company stock at a significant discount more or
less ignoring the adverse forward guidance as fluff or purposeful misleading of investors
and traders to create a bit of a bear trap from which to launch a squeeze to propel the price
action. More details on the chart. I will go long here and expect to gain 10-15% with a little
patience. The general market downturn helped GTLB fall and then reversal of the general
market will give tailwind to the return trip. Targets are on the chart based on the high volume
trading range on the volume profile.
big dip as a buying opportunity for a software company stock at a significant discount more or
less ignoring the adverse forward guidance as fluff or purposeful misleading of investors
and traders to create a bit of a bear trap from which to launch a squeeze to propel the price
action. More details on the chart. I will go long here and expect to gain 10-15% with a little
patience. The general market downturn helped GTLB fall and then reversal of the general
market will give tailwind to the return trip. Targets are on the chart based on the high volume
trading range on the volume profile.
Trade active
Zoom in of the reversal for detail : Trade closed: stop reached
To the watchlist for another long entry lower.
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