Maybe a temporary pause and possible continuation higher! However, a 15.94% gain in one day is not bad and is enough for some traders.
Between January 6 & 7, 2021, the pullback happened very quickly followed by a bull gap, and the stock rushed above the target price of $26 from my previous article on January 6, 2021.
This is a follow up writing for my article published yesterday January 6, 2021, with the title "Weekly Trade Ideas for the 11 Automobile Manufacturers" In that article, I wrote, "Trade Idea: This stock may pullback and then break out to a test price level of $26." Here is the link to the article:
Below is a link showing the stock performance on January 7, 2021, compared to my first chart interpretation on January 6, 202.
New Trade Idea: The stock may trade now between the range price of $25.37 & $27.23. It is possible for the price to move higher or lower temporarily. Long-term prediction: Still bullish for this stock. However, a 15.94% gain in one day is not bad and is enough for some traders.
Thank you for reading!
Greenfield
Remember to click "Like" and "Follow!"
Disclosure: Charts and articles interpreted by Greenfield. A market idea by Greenfield Analysis LLC for educational purposes only. This is not a solicitation and not a recommendation. Greenfield Analysis LLC has no investment in any of the securities mentioned in the article, and no plan to initiate a trade in any of the securities mentioned. Greenfield does not receive any compensation for this writing. Investment involves substantial risk. You should consider carefully before making an investment and investment is at your own risk.
Between January 6 & 7, 2021, the pullback happened very quickly followed by a bull gap, and the stock rushed above the target price of $26 from my previous article on January 6, 2021.
This is a follow up writing for my article published yesterday January 6, 2021, with the title "Weekly Trade Ideas for the 11 Automobile Manufacturers" In that article, I wrote, "Trade Idea: This stock may pullback and then break out to a test price level of $26." Here is the link to the article:
Below is a link showing the stock performance on January 7, 2021, compared to my first chart interpretation on January 6, 202.
New Trade Idea: The stock may trade now between the range price of $25.37 & $27.23. It is possible for the price to move higher or lower temporarily. Long-term prediction: Still bullish for this stock. However, a 15.94% gain in one day is not bad and is enough for some traders.
Thank you for reading!
Greenfield
Remember to click "Like" and "Follow!"
Disclosure: Charts and articles interpreted by Greenfield. A market idea by Greenfield Analysis LLC for educational purposes only. This is not a solicitation and not a recommendation. Greenfield Analysis LLC has no investment in any of the securities mentioned in the article, and no plan to initiate a trade in any of the securities mentioned. Greenfield does not receive any compensation for this writing. Investment involves substantial risk. You should consider carefully before making an investment and investment is at your own risk.
Trade closed: target reached
Note
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.