0IYQ trade ideas
$gogo monthly- Falling wedge
- Semi dependent on reopening
- restructuring underway
- bullish macd cross
GOGO EXPECTING SOME BULLS WITHIN FEW WEEKSI AM NOT BIG FAN OF AIRLINE STOCK BUT OUT OF ALL AIRLINE STOCK THIS IS MY TARGET.
SMALL CAPITAL MORE PROFIT IN PERCENTAGE.
$GOGO expecting tomorrow(5/20) another good day for gogoToday i had a very good day with gogo expecting one more round tomorrow.
GOGO - bottoming is almost done?For the last 6 months NASDAQ:GOGO is consolidating in what appears to be bullish flag.
Right now price is close to multiple support levels, and with healthy MACD divergence, reasonable to expect potential bottom around current area soon enough. Thus long entry might be attempted.
$GOGO large short interestShowing some signs of accumulation, large green weekly volume bars. Inside monthly candle. 59.44% short float, 54.79M shs float. waiting for this to pop
$GOGO Technical Damage On The Charts$GOGO looks to have broken its bull trend line. We believe prices are heading lower. The key support level to watch over the next few days is the 200 day moving average of $4.91 a share. If that fails to hold, we are looking at a target price of between $3 and $4 a share. $GOGO bulls needs to be cautious here.
Last week, $GOGO reported earnings and here are the highlights:
$GOGO reported mixed Q3 results that beat on EPS but missed on revenue with a 7% Y/Y sales drop.
2Ku aircraft online reached 1,289, up 73 aircraft on the quarter.
Revenue breakdown: CA-NA, $84.1M (-22% Y/Y); CA-ROW, $35.7M (+1%); BA, $81.3M (+11%).
The FY19 outlook continues to see in-line revenue of $800-850M (consensus: $830.74M) and revises the adjusted EBITDA expectation to $120-130M from the prior $105-115M. The revenue total puts CA-NA, CA-ROW, and BA all at the high end of their previously supplied guidance.
Gogo Inc., through its subsidiaries, provides inflight broadband connectivity and wireless entertainment services to the aviation industry in the United States and internationally. It operates through three segments: Commercial Aviation North America (CA-NA), Commercial Aviation Rest of World (CA-ROW), and Business Aviation (BA). The CA-NA segment offers inflight connectivity and wireless digital entertainment solutions to commercial airline passengers flying routes that generally begin and end within North America. The CA-ROW segment provides inflight connectivity and wireless digital entertainment solutions to passengers flying on foreign-based commercial airlines and flights outside of North America for North American based commercial airlines. The BA segment offers equipment for inflight connectivity, including voice and data services to the business aviation market. Its services include AVANCE, an inflight broadband service that utilizes air-to-ground (ATG) network and ATG spectrum; Passenger Entertainment, an inflight entertainment service; and satellite-based voice and data services through strategic alliances with satellite companies. This segment serves aircraft manufacturers, owners, and operators, as well as government and military entities. The company was founded in 1991 and is headquartered in Chicago, Illinois.
As always, use protective stops and trade with caution.
Good luck to all!
GOGO - prepare for another run higher?NASDAQ:GOGO shows constructive pattern for another leg higher. Retraced 50% of Aug-Sep rally on really low volume, and now is approaching potential support.
Good levels for low risk entry now, targeting another potential ~100% rally
RISKY GOGO TRADE - GOOD END OF YEAR PREDICTED Gogo, Inc. engages in the provision of in-flight broadband connectivity and wireless entertainment services. It operates through the following segments: Commercial Aviation North American (CA-NA); Commercial Aviation Rest of World (CA-ROW); and Business Aviation (BA). The CA-NA segment offers a broad range of connectivity and entertainment services to commercial airlines flying routes. The CA-ROW segment covers satellite-based connectivity and entertainment services to foreign-based commercial airlines and North American based commercial airlines when flying routes outside of North America. The BA segment comprises of a broad suite of in-flight Internet connectivity and other voice and data communications products and services under its Gogo Business Aviation brand to the business aviation market. The company was founded in 1991 and is headquartered in Chicago, IL.
SHORT INTEREST
34.83M 07/15/19
P/E Current
-1.91
P/E Ratio (with extraordinary items)
-2.05
Average Recommendation: OVERWEIGHT
Average Target Price: 6.40
Wait for a pullback on this move...
GOGO - lots of shortsellers, insiders purchased stockThis is an interesting situation, when the day traders are shorting the stock, while the insiders are buying the stock. Truth is, the insiders didn't purchase since June 2018.
GOGO - Large Short Percentage while the insiders bought stockThis is an interesting situation, when the day traders are shorting the stock, while the insiders are buying the stock. Truth is, the insiders didn't purchase since June 2018.
Updated GOGO chartNASDAQ:GOGO updated. I broke down from the last bull flag to the support from the bull flag before. Making it only a bigger bull flag with more consolidation. Today GOGO broke out of this bull flag fueled by a good earnings report. Still holding full position. Above $7 is long!
GOGO looking very strong bol="NASDAQ:GOGO"]NASDAQ:GOGO keep looking strong the entire time (even during when markets go down). It is now makeing a bull flag on top of another bull flag. In the new bull flag we can see a asematrical inverse head and shoulders pattern. This one seems to go higher once again.
GOGO Entry WindowsCredit to @kcty for tipping me off on this ticker. If you look at the long term resistance trendline (dashed red), you'll see it's converging quickly with the recent support trendline (solid green). I don't think recent support trendline will hold, but if it does, look to enter in the breakout window. Not much resistance above the TEMA 200.
The minor pullback window has support at the bottom of the regression trendline , the TEMA 100, the TEMA 50 and the .382 fib level. The major pullback window has support at the long-term uptrend (dashed green) and the .618 fib level. It's a gamble to combine a swing trade with a play on an earnings report, but there's a beautiful potential setup here. GOGO has posted earnings beats for the last three quarters. A positive catalyst could launch a breakout to 8.00. I think your worst-case scenario on a poor earnings report is the 3.52 floor. If the timing of a minor pullback or major pullback occurs immediately prior to the ER date, the risk is comparatively low to the potential windfall gain on the bounce with a positive catalyst. If you're playing a pullback, I'd recommend confirming entry with an MA crossover or MA-BB crossover before taking your position.
I'll link a screenshot below to give you a better picture of the resistance trendline.
GLTA
GOGO Little Resistance after 5.93May 4-7 brought a huge drop in stock price with little resistance stopping this stock from climbing back up. Needs to break 5.93 to build confidence in this analysis.
GOGO - Downward channel breakout Momentum Long from $4.57GOGO - Watching for a break above 4.57. Stop signal 4.09. Momentum setup possible first target of 5.77. Decent insider buying.
GOGO Sketchy playI dont like the looks of this chart. I know nothing about the company, but this stock is sort of in free fall mode. We hit some mild support recently. I would put my stop just below those, and try to ride this up for a 30% gain and then drop it like it's hot. It does look like it could have a 4 hour TTM squeeze firing long soon. Keep an eye out for that.
$GOGO - Reversal?Into S3 on monthly and long lower wick. High short float at 62% and tute ownership at 78% and +475% insider transactions. Target - 7.60 .. I would let this retest the lows to see if they hold
