GSIT: Possible reaching $14 (+400%)My reading is:
1- Primary : it could be started the 3rd/ or C of Elliott wave
2- Seems it finished the wave 2 (correction)
Forecasting :
Conservatively: it may go to the upper bound of the channel $14(400%)
Unconservative: I will update when it break the upper channel
Confirmation of upward is breaking $3.75
The information is not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendation.
GSIT trade ideas
GSIT: TRADE THE RANGE Hello traders!
GSIT stock price seems to be trapped in a DESCENDING TRIANGLE yet! MACD and RSI look quiet so I do not think there will be potential breakouts in the short period. For this reason, I believe that the best way to earn some money from this stock is to trade the range waiting for strong buy/sell signals!
Remember to put a stop loss in order to secure your capital!
Not a financial advice.
Enjoy your trade!
$GSIT GSI Technology Inc A Buy Above $9$GSIT is a potential breakout candidate that has come across our screens. The stock's 52-week high is $9. Above there and the stock is off and running.
The good part about this type of trade is that it should work out right away. You only have to enter a 10 cent stop. We view this as a nice trade opportunity with a good risk/reward setup.
Risk 10 cents to make $1.
Founded in 1995, GSI Technology, Inc. is a leading provider of semiconductor memory solutions. GSI’s resources are currently focused on bringing new products to market that leverage existing core strengths, including radiation-hardened memory products for extreme environments, and the APU designed to deliver performance advantages for diverse artificial intelligence applications. GSI Technology is headquartered in Sunnyvale, California and has sales offices in the Americas, Europe and Asia.
As always use protective stops and trade with caution.
Good luck to all!