GENASYS stock Chart Fibonacci Analysis 031725Trading Idea
1) Find a FIBO slingshot
2) Check FIBO 61.80% level
3) Entry Point > 2.3/161.80%
Chart time frame: C
A) 15 min(1W-3M)
B) 1 hr(3M-6M)
C) 4 hr(6M-1year)
D) 1 day(1-3years)
Stock progress: B
A) Keep rising over 61.80% resistance
B) 61.80% resistance
C) 61.80% support
D) Hit the bottom
E) Hit the top
Stocks rise as they rise from support and fall from resistance. Our goal is to find a low support point and enter. It can be referred to as buying at the pullback point. The pullback point can be found with a Fibonacci extension of 61.80%. This is a step to find entry level. 1) Find a triangle (Fibonacci Speed Fan Line) that connects the high (resistance) and low (support) points of the stock in progress, where it is continuously expressed as a Slingshot, 2) and create a Fibonacci extension level for the first rising wave from the start point of slingshot pattern.
When the current price goes over 61.80% level , that can be a good entry point, especially if the SMA 100 and 200 curves are gathered together at 61.80%, it is a very good entry point.
As a great help, tradingview provides these Fibonacci speed fan lines and extension levels with ease. So if you use the Fibonacci fan line, the extension level, and the SMA 100/200 curve well, you can find an entry point for the stock market. At least you have to enter at this low point to avoid trading failure, and if you are skilled at entering this low point, with fibonacci6180 technique, your reading skill to chart will be greatly improved.
If you want to do day trading, please set the time frame to 5 minutes or 15 minutes, and you will see many of the low point of rising stocks.
If want to prefer long term range trading, you can set the time frame to 1 hr or 1 day.
GNSS trade ideas
Genasys (GNSS): Public Safety Tech Boosts Stock PotentialGenasys Inc. (GNSS) is a leader in critical communication systems, providing advanced technology for public safety, emergency response, and mass notification. Their products help governments, businesses, and communities send clear and reliable alerts during crises. Growth for Genasys is driven by increasing demand for disaster preparedness and security solutions, as organizations prioritize effective communication.
The stock chart recently showed a confirmation bar with increasing volume, moving into the momentum zone, which happens when the price rises above the 0.236 Fibonacci level. This signals strong investor interest and the potential for further gains. Trailing stop losses can be set using Fibonacci levels with the Fibonacci snap tool, allowing traders to secure profits while managing risk. This approach helps traders stay in the trend without exiting too early.
12/9/24 - $gnss - Add this to "martial law" list12/9/24 :: VROCKSTAR :: NASDAQ:GNSS
Add this to "martial law" list
- financials r kind of ambiguous and consensus looks like a monkey and dart board situation e.g. the revenue growth.
- but i'm starting a new watchlist called "martial law" includes a bunch of stuff that probably rips on some freak event. i typically build these lists ahead of time just so i can reaction function if i need to. Rn stuff like NASDAQ:PLTR is (ironically bc valuation is so insane) on this list, but other stuff like gun mfg's as well as ammo maker $poww.
just add this to the list. let's see what the report
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