$GNUS from $1 to $56 with triangle and flag pattern(%5000 gain)Genius brand needs seven months of consolidation in the triangle to form a huge flag pattern and then an enormous explosion will happen.
Geniusbrands
GNUS Following Fibs & 200DMAGNUS testing the 200DMA right now and could be an important level to watch. Moreover, look at the fib retracement from the last "lowest-low" and the fib levels fall into place in a way. For instance, the 786level has been a key level for GNUS over the last 9 months. After retracing, testing, and bouncing off of that, will the trend continue? The 200DMA will likely be the judge of that in the short term.
" While fears remain thanks to news from a Pelosi staffer catching COVID, the larger concerns from Monday seem to have subsided. In the same light, many reopening stocks have gained more attention. Genius Brands has built a suite of entertainment brands over the last few years. The company recently announced that its “Sant Lee’s Superhero Kindergarten” exceeded 40 million views on Genius’ Kartoon Channel! That’s just from 11 episodes of season one currently available. There are 15 more episodes set to debut this year, according to the company. Right now, Kartoon Channel! is available on multiple platforms. These include Comcast, DISH, Sling TV, Amazon Prime, Apple TV, Roku, and many smart TVs. GNUS is also no stranger to volatile moves. Considering that the penny stock has bounced back to test a major technical level (its 200-Day moving average), it will be interesting to see if the overall market’s momentum can continue this bullishness or not. Read More On Genius . "
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GNUS Channel Bound. For NowGNUS remains channel bound with the 618 Fib line acting as a pivot support/resistance. I think there needs to be some info from the company now that they plan on being on the Russell.
On June 8th, the company announced that it will join the Russell 3000 Index after the conclusion of the 2021 Russell indexes annual reconstitution. This will be active when the market opens on June 28th, 2021. One month ago, GNUS stock was around $1.55 per share and it has now reached nearly $2 per share as of June 23rd.
In particular, our recently launched tentpole brand, Stan Lee’s Superhero Kindergarten, starring Arnold Schwarzenegger, has now surpassed 28 million views, averaging now over 4 million views per episode, making this one of the most highly viewed new cartoon launches in history.”
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If it can break the 618 fib, I'd like to see it at least come close to testing the 50 fib. We'll see if it's allowed to move.
GNUSGenius Brands International Inc (NASDAQ:GNUS) On the daily chart, the price struggled to continue its downward move yesterday, and it closed with a doji candle formation after touching the major support level at 1.40. The doji gave a signal of possible price reversal upward, especially since it formed around the 1.50 area, which, although offered no distinct high or low, is congested with previous support and resistance levels. Possible bounce play next week.
Gnus ideaGnus ready long term reversal . Target 1 is $4 but can go much higher this year imo. GL
This is an opinion
This is not financial advice
I am not a financial advisor
