Long Gogo Inc.Gogo Inc. is one of the leading providers of high-speed in-flight internet connectivity, actively implementing innovative technologies and expanding its market opportunities. Despite some uncertainty regarding financial indicators, strategic partnerships and growing demand for in-flight connectivity services highlight the company's potential for further development. In light of this, a speculative purchase of shares may be appealing to investors willing to take risks for potential growth.
Please note that the presented idea is solely the author's own perspective and does not constitute a recommendation to act.
GOGO trade ideas
GOGO getting ready for the next move upGOGO looks like it could be consolidating at the $20 mark and getting ready for the next leg up to retest highs at $23.69. Volume has been drying up in this base and recent pocket pivots suggest institutions could be buying this up. With volume a move over $21 could see $23 again and possible ATHs
$GOGO $GOGO :
BASIC TECH ANALYSIS
The chart shows an obvious pattern after every huge pump there is a small 25-30% dip before retesting the ATH and supposedly reaching a new one. After that we see the big dip of about 50%. Currently, we are at the 25-30% dip, so we can expect a retest of the ATH and maybe reach a new one.
This is my first published analysis, i tried my best hope you like it.
Long - Looks like a very strong upside candidate
1 Price above VWAP, 200D, 100D and 50D SMA: Yes
2 100D SMA > 200D SMA: Yes
3 50D SMA > 100D SMA: Yes
4 200 SMA trending up: Yes
5 100 SMA trending up: Yes
6 50 SMA trending up: Yes
7 RSI > 70: Yes
8 Clear past: no resistance Yes
9 Above 52WH: Yes
10 Recent high volumes: Yes
11 Increasing Revenue: Yes
12 Expanding Margins: Yes
13 Sector Outlook: Positive
14 Pattern: Huge cup and handle
15 Held well since beg. of Jan 2022: Yes
16 Market Position: Leader in inflight internet in NA
17 Entry Target: $16-$17
18 Stop Loss: $14
GOGO | Approaching Resistance | Short with CautionGogo Inc ( NASDAQ:GOGO ) is approaching resistance in its channel near $20-$21. It may be a good short opportunity at this level. However... waiting for it to dip and hold below the 10 EMA (pink line) may be a better short entry. The worry here is a squeeze with an 80M float and 37% short interest if the market continues its upward trend (or there is a melt-up). But if it doesn't break through resistance, it may dip to $17 or below in the weeks ahead.
GOGO - Heart Eyes Monthly Chart - *ON WATCH*So this is the sexiest monthly chart of all time lol. Talk about straight pattern, lines, tops and bottoms. Anyways I am going to set some alerts on this one I think it will actually completel reverse trend soon. Once again a matter of when, but absolutely coming to and end here.
Is GOGO finishing its pennant?Fifth count of the pennant at localized .786. This is a tight stop loss trade for me but I think there is huge reward. Close to 40% short intertest on this stock, so a leg up could cause a huge leap. It clearly is still in an uptrend so the pennant holds. I think it looks to be a 1-2 1-2 by the chart, so I am targeted 23 buy July. Stop-loss is around 9.25 for me personally