GH trade ideas
A stock with a higher price to earnings ratio than Shopify? I'm sure this company has a lot of really compelling reasons why they're going to make their valuation make sense at some point in the future but right now the company is worth 67% more than $SHOP which is arguably the most overvalued stock with a market cap above a billion. My guess is we test $60 soon, bounce off $60 to around $65 and then proceed lower possibly all the way to $45. The company is raising guidance, but there is incredible uncertainty regarding their value proposition. We recently breached a volume support level at $75. Buyers are exhausted. Another scenario: we could bounce off the $70 level but then quickly move lower directly to $50. I'm 70% sure this stock will be at least 20% lower in the next three months.
GUARDANT HEALTH opportunity longTh e prices are near the SMA 200 D. Long from this level winth stop indicated. Probabli is an ABC movement.
$GH at juncture: earnings week 8/6 earnings -
Thesis:
Price action reveals too few bear signals = good gamble on bullish pivot post-earnings
Last session:
-profit takers sold earnings announcement 8.6.
-buyers stepped in near yearly top, confident of earnings risks
Last few months:
-6wks compact range consolidation near ATH
-volume decline, seller absorption
-secondary offering absorbed, price climbed and held
-complete 4-month cup and handle formation
A POSSIBLE INVERSED SHOULDER HEAD SHOULDER*NOT EXPERT, JUST SHARING, OPEN TO BE CORRECTED*
I see a negative/invert shoulder head shoulder with a potential breakout point wich will tell us if this is case or not
$GH Ready for a big moveGH is getting squeezed. It has essentially traded sideways for the past month. Watching for a breakout either way.
EN ROUTE HIGHER YET STILL. Why? It's all in the setup $BIOC $TTDThe stock market is a tool that transfers wealth from the impatient 2 the patient.
Guardant Health ( GH ) uptrend confirmations GH is at a consolidation zone with a resistance line @70 standing on two doji candlesticks.
Technicals:
(RSI, 14) daily @48
(SRSI, 14) daily @.15 growing
** If RSI increases to >55, uptrend is confirmed. SRSI should grow exponentially at this point.
Bollinger on a tight squeeze on time frames <1day.
Moving directional index:
DI+ crossing the DI-
Recommended trade:
Entry @70
Sell target @73
Stop loss @68
RRR:1.5
Note!!:
Check if indicators continue on uptrend to before confirming entry.
