GOCO trade ideas
GOHEALTH , GO....GOCO IS WARMING UPAfter a high decline from the IPO, GOCO starts to move.
GOCO is in a downtrend which started after the IPO and now it looks like an H & S pattern is forming.
1. if we will close above 14.6 today we will have a higher high and the downtrend will turn into an uptrend.
2. if we will close above 14.6 we will break down the down trendline.
3. The volumes are starting to show bullish signs.
4. The rsi shows bullish divergence.
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$GOCO is giving a GREAT IPO LONG opportunity todayIPO intraday trading strategy idea
GoHealth is a leading health insurance marketplace.
The share price is rising and gonna continue this trend today.
The demand for shares of the company still looks higher than the supply.
These and other conditions can cause a rise in the share price today.
So I opened a long position from $25,75;
take-profit — $30,52;
stop-loss — $24,16.
Do not view this idea as a recommendation for trading or investing. It is published only to introduce my own vision.
Always do your own analysis before making deals. When you use any materials, do not rely on blind trust.
You should remember that isolated deals do not give systematic profit, so trade/invest using a developed strategy.
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