Gsx
Buy Signal: 62.88Stop: 50.00 Potential reversal trade looking for 81 first.
Ingenuity Trading Model is an algorithm used in- Stock, Forex, Futures, and Crypto markets. The model is a Geometric Markov Model : Focuses on reversal and continuation wave structures
In probability theory, a Markov model is a stochastic model used to predict randomly changing systems. Markov Models are used in all aspects of life from Google search to daily weather forecast. The randomly changing systems we focus on are the equity, futures, and forex markets. The geometric element of the model is the fractal sine wave structure you can find on any chart you look at across any market and across all time dimensions.
Our model focuses on the current sine wave formation (current state)- geometric price formation along with its volume and volatility over a given time period and using that information to predict the future state- future price movement. For questions or more information feel free to contact me in the comment section or via private chat
Rare prediction on GSX before ER !?I don't do any kind of prediction on the market for quite a long time
as I prefer to take trades with my system and respect whatever result the market gives.
This one is more an verification idea than a trading idea.
GSX stocks had been fallen a lot after the scheme, and it broke the inside week to the downside before ER.
I will pretty much be pessimistic about both the ER result and the price.
Well, I still won't take trades before an ER, this is just to see if this inside week breakdown
may be some sort of implication of the following price actions.
Let's see how it goes yo!
GSX Earnings Run 11/16-11/20There are so many ways GSX can run for its earnings release. I pretty much copied the pattern it created during the last earnings run as it looks similar to Fridays close. We have a bearish pennant which will take two days to create a small enough wedge for the stock to ascend. The wave is not to scale and will probably be adjusted as the week begins.
What I like about GSX for its earnings run?
1)Huge gap $20 Gap that must be filled.
2)Great support at the .236($68.20) Fib.
3)if the .236 Fib breaks then we create a double bottom at 0 ($64.39).
4)Very similar start to the last earnings run.
GSX ready to fall furtherGSX closed bellow support line and once it breaks the 200 Daily MA (60$) its in freefall mode.
GXS BTC Big Pump!Investment Call :
Buy GXS at 5500
Target: 2x - 5x - 7x
Invest : 1% of portfolio.
Highly oversold, Big pump is for sure!
GSX - Impulse Almost CompleteGSX has had a run that has seemingly defied logic to some bearish investors, but the overall move it made after clearing the previous ATH was relatively healthy. Despite a massive bear campaign a few months back the stock has churned to massive new highs. However, all good (or bad if you're a bear) things come to an end. It is now due for a correction, and will likely find a topping point around the 71.21 level. This leaves the ideal opportunity for shorting.
Impulse price point (top): $70-$71.21
Overall corrective target: $49.14
Why GSX's Breakout Might Not Last- This post is for educational purposes only. Do not buy or sell this stock based upon this post, but only after performing your own due diligence on the company -
Disclosure: Writer of this post has a net short position on GSX.
Fundamentals:
I believe that GSX's breakout over the last past week above $46.5 was driven by a massive short squeeze and participation by foolish retail traders/investors.
GSX currently has 3 research firms calling it a massive fraud. Feel free to google and do your own due diligence on the reports that have been posted by Grizzly Research LLC, Muddy Waters Research LLC, and Citron Research.
There are class action suits from at least 4 different law firms (from what I have found) all stating that GSX has misled investors and that GSX has been fraudulently boosting its Teacher qualifications, student counts, and revenue.
Technical Analysis
When price broke out past $46.5, there was most likely a massive short squeeze, that caused a bunch of investors to cover their positions, causing the upsurge in price. I believe that this was further driven by retail investors who had done little research on the company, and bought it because it went up dramatically, and failed to consider the true risks of this company.
GSX - SHORTGreat entry spot to short GSX. Set generous stop over the purple line. If muddywaters research is right, then this is the next LK and will retest IPO levels or even go near zero. This is a great entry point to add to short position, if you shorted a bit too early (like me (break even 39,12)). Put spreads seem best to use for this imho.
GSX TECHEDU $GSX "Head-and-Shoulders Bottom"It needs to hold above the confirmation resistance which is $31.37.
The resistances till target price are;
$32.80
$34.58
$36.35
If you find my charts useful, please leave me "like" or "comment".
Thx
GSX TEXHEDU $GSX$GSX is just hitting the down trendline. It is above Fib 0.618 so far. If it succeed to hold above, will continue to rise.
Trade Journal: Short $GSX - Inside Day/Support Failure - 4/6/20Friday, GSX experienced heavy selling throughout the day with a nearly 15% drawdown by the end of day. Throughout the bear market, GSX has been resilient and is considered relatively strong compared to other sector stocks. This changed however when GSX clearly broke a support level at 34.50 on heavy volume Friday. Despite the bullish price action in the markets, today's inside day candlestick reflects the continued selling in GSX. This is an very opportunistic time to get short GSX for a possible flush on low risk.
The 30m timeframe also reflects the bearish price action in GSX as price broke below and rejected the support at 34.50.
Entry - 33.78
Stop loss - 35.04
Target - 25
GSX$43.85 is the critical resistance. It may go up to top but RSI is weak so correction may continue for a while
breaking out short termbreak out of triangle, >1245 could push it to 1260 range to upper channel $GLD $GDX $GDXJ
