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GCAP

GjNEW WEEK NEW POSSIBILITIES This week is strong and yet not so strong, past week we hit our targets for GJ. This week no lie, I am slightly confused. My mental and psychological health are up for question but I understand my duty as a responsible fund manager. 191.00 Strong price of Significance. I've understood from textbook studying with current pattern and candlestick formation we will see a further price drop. We are going from strong bearish momentum, finding balance and about to continue distributing the to the rest of the demand. Getting in right after the open is a bad idea as it will probably hit SL before going through our forecast. Trade Idea: Sell Stop Stop Loss - Entry - 190.500 Take Profit - 188.150 RR - 1:5
Short
by Mhangwane1
Long Position in GCAP ahead of earnings and measured moveWe are interested in this stock going up. It would be a good idea to buy some, there is no reason to use puts as protection at the moment. The reverse of the downtrend has begun, lets look at why this is a good idea Rationale for the Trade underpriced stock with a decent business earnings misread, or the expectations were set too low the depth of the decline has measured targets for its retracement part of the rally has already started classical chart pattern of cup with handle base the breakout from the base already occured it can rally 25% or better from here Opinion If there is some temporary exhaustion from the recent rise from 3.75 or 4.00 up to 5.00, or the HUGE spike it could be time for buyers to lose some of their enthusiasm for a pullback below 4.60, but even if we enter this trade a bit early it would still mean a buying opportunity given the power of the recent lift-off.... I would look to abandon this position on any moves below 4.40 and approach of the $4.00 then fundamentally the story for GCAP - Forex.com would be very different and the news coming out about the company would be extremely negative.
GLong
by DamianRichardson
1