A 10.48% gain in one day is not bad! A 10.48% gain in one day is not bad!
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: Still Bearish, Price Target around $36. Maybe this stock may trade between the range of $33 and $36." Here is the link to the article:
On January 7, 2021, a bull gap today at the morning open and this stock rushed higher to $35.10 as of the market close of January 7, 2021. I do consider the price target is met today because $35.10 is not much away from the original price target of $36.
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: Long-term prediction: Less Bearish, More Bullish for this stock. This stock price is showing signs of improvement, but the direction is still questionable. Maybe this stock may trade between the range of $33 and $38. I think it is too early to make a call for the long-term direction, but I think this stock should be on the watchlist.
Thank you for reading!
Greenfield
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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.
