Trade Idea Long GAIA: Entry: 11.15, Target: 13.50, Stop: 10.52GAIA has fallen sharply over eight days but found support right on the rising trendline on Friday. Yesterday it formed a bullish Harami just above that support. Volume was a littler higher but nothing special.
It looks oversold at the moment and if it decides to test the resistance of the falling trendline at about $13.50 there is a possible trade here. With an entry if it trades above high from Friday at $11.15 and a stop below the low of Friday at $10.52, when have a risk/return ratio of 3,7, and a possible profit of 21%.
There is resistance at about 12.15 where the stock could decide to take a rest. That would be a ratio of 1.6. If so, this could be an opportunity to move the stop up to break-even.
Entry: 11,15
Stop: 10,52
Target 1: 12,15
Target 2: 13,50
GAIA trade ideas
Gaia, Inc. trade setupGaia, Inc. operates a global digital video streaming subscription service and online community. It provides its services through the following channels: Seeking Truth, Transformation, and Yoga. The company was founded by Jirka Rysavy on July 7, 1988 and is headquartered in Louisville, CO.
GAIA: Long on uptrendI use Tradingview to record my trades to test my analysis.
For notes only. This is not recommendation.
ADX increasing slope
DI>DI- increasing
MACD above centerline
2/27 stock plumet with earning release but with MACD Histo in + showing bull divergence
Risk/Concern:
- Late entry. Entry post value zone and @ +ATR(3)
However with trending indicators, I believe the stock still have more to go in upside.
Fundamental:
- Royal subscribers
- Superb technology. Streaming experience better than Netflix. Robust viewer community.
- Streaming and mobile capabilities A+
- People will continue to watch more contents on Internet. Viewership will continue to increase. Most of stocks in this sector are trading at price not able to justify except for GAIA.
- Potential candidate for media takeover
- I personally like it's programs and contents. Rare place to find positive & inspirational programming