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GCL TECHNOLOGY HOLDINGS LTDGCL TECHNOLOGY HOLDINGS LTDGCL TECHNOLOGY HOLDINGS LTD

GCL TECHNOLOGY HOLDINGS LTD

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3800 trade ideas

REVIEW $3800Bullish Fundamental - Controlled inflationary Macro environment / boring sentiment in the East - Good theme - Carbon neutral / green - Funds Accumulation - Decent PE - Decent PEG - Decent P/FCF - Strong Sector / Industry / Leader - Great theme along with the CCP direction of carbon neutral Technical - - Momentum Theory Indicator - momentum consolidation / breakout - Price action formation ( Bull flag ) - Volume surged upon break out - Momentum broke out with volume surged and price broke out from flag pivot - Trend line - Price above 200MA - Price above POC as support Entry idea - Entry idea was based on few confluences - Price above POC - Price broke out pivot - Price broke out with volume surge and momentum break out Stop loss depending on entry and risk appetite. But always set meaningful stops. " Success is the sum of small efforts - repeated day in and day out. " Cheers and happy trading!
HKEX:3800Long
by nexxtrade
3800 GCI-Poly Energy: Update analysis 30 Nov 2020Following my 3 previous GCI-Poly analysis, I have a the following update: Today's price shows an extremely extended and bullish candle (0.61 - 0.81), which is a 0.20 price move in a single day and not within same candle sizes as others around it. Historically, price candles with such bullish price candles of the same size or slightly longer (going back up to Aug 2011): 21 Dec 2017: price from 1.26 - 1.42 09 Jul 2015: price from 1.22 - 1.46 11 Nov 2014: price from 1.80 - 2.10 09 May 2014: price from 1.80 - 2.04 02 Feb 2012: price from 2.62 - 2.79 19 Jan 2012: price from 2.24 - 2.42 29 Nov 2011: price from 1.86 - 2.03 02 Nov 2011: price from 2.03 - 2.32 27 Oct 2011: price from 1.94 - 2.36 23 Aug 2011: price from 2.55 - 2.91 Interestingly, the top of the today's candle (30 Nov 2020) stops at price level 0.80. I also checked historical prices at this level and the resistance levels for today (30 Nov 2020 and the week preceding this candle) and I was able to dig up the following interesting data: (1.) Long-term daily resistance occurred @ price level 0.80 on the following dates: 16 Sep - 03 Oct 2008 01 Apr - 28 Apr 2009 27 Feb 2019 30 Nov 2020 (2.) Long-term daily support occurred @ price level 0.70 on the following dates: 16 Sep - 03 Oct 2008 26 Mar - 01 Apr 2009 (3.) Long-term daily resistance @ 0.80 becomes resistance support flip on the following dates: 02 - 30 Jun 2017 01 Aug 2017 30 May - 15 June 2018 My conclusion from the above are as follows: - As today's candle has hit a long-term daily resistance level of 0.80, I expect price retracement to/towards the long-term daily support level of 0.70 - It is also a sound assumption that investors might start taking some profits as we approach December holiday season given the excellent performance of the stock in the last 2-3 months. This will inevitably put pressure on the stock price. - I will be buying more with the expected and healthy price correction.
HKEX:3800Long
by aderoy
2
$3800 GCI-Poly Energy: The train is on moveI posted 2 separate analysis on GCI-Poly to TradingView on Oct 31 and Nov 13. This is an update as there have been a nice price in our favour move since then. As forecasted in the Nov 13 analysis, we expected price to continue on it's upward trajectory and reach the 0.272 Fib level (price of 0.53). What we couldn't predict, but not surprising though, is that price will blow right past this level with such ferocity. To be honest, I was expecting price to react at the 0.272 Fib level (price of 0.53) for a small correction, which may provide more opportunities to add to my portfolio. I am one not to fall in love with any company, but I am impressed with how GCI-Poly 'train' has picked up speed in the last few weeks. On a bigger perspective, and using the monthly chart, the price is still at the bottom of the valley in comparison to all time highs of 5.50 (01 Nov 2017) and 5.70 (02 May 2011) respectively. My take away from this analysis: - At these low prices, the GCI-Poly train is gathering enough momentum embarking on the steep climb to the 1.38-1.40 price level - I will be adding to my portfolio with any dip in prices. There is a chance of this happening with the price gap (gap at 0.52 - 0.54) today 23 Nov 2020, which may need to be filled. The market may decide to ignore this gap for a while, or altogether, and just continue upward with the momentum. - From here onward (price of 0.64 as at today 23 Nov 2020), there is no other major resistance until 1.38-1.40 price level, which dovetail nicely with the 0.786 Fib Level. All the best folks.
HKEX:3800Long
by aderoy
$3800 GCI-Poly Energy: Potential buying opportunityI had another glance at the 3800 GCI-Poly chart and noticed the formation of a double-bottom price pattern. Nothing has changed from my previous fundamental and technical analysis of the company. The W - Formation presents another buying opportunity to my every growing bag. If the typical double bottom formation is respect, we expect price to initially retrace, at the very least, to the W-neckline (to a price of around $0.405) before continuing in an upward trend. This retracement presents buying opportunity and I already have a BUY order waiting to seize the opportunity if it present itself. If the retracement doesn't happen, then the next price target will be the next Fib level of 0.272 (price of $0.525).
HKEX:3800Long
by aderoy
3800 GCI-Poly Energy: Don't miss the boatIt's time to start accumulating GCI-Poly Energy in your portfolio - I have been keeping an eye on GCI-Poly Energy since around 17 August 2020 when price broke the Long-term downward trend line. - This bullish price trend is now supported fully by MACD (as at 30 Oct 2020): MACD signal is now in the bullish territory with the MACD blue line crossing over its signal orange line and both lines now over the zero level. - This is the first time since the start of the COVID-19 pandemic in March 2020 that MACD indicator is showing a bullish trend for GCI-Poly Energy. This is a BUY for me with price targets at/near Fibonacci level and/or obvious major resistance lines.
HKEX:3800Long
by aderoy
1