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 ($64.39).
4)Very similar start to the last earnings run.
Gsxtechedu
GSX ready to fall furtherGSX closed bellow support line and once it breaks the 200 Daily MA (60$) its in freefall mode.
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
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Thx
