GNRC trade ideas
Analysis of Recent Winning 5th Wave Trade on GNRCOn October 15th 2019 we posted a trade idea on our TradingView Profile >>>HERE<<< for a potential 5th wave long swing trading opportunity on GNRC.
This video explains the subsequent bullish move to hit our original 5th wave target and then a further 5th wave swing trading opportunity. This is a great example of our Elliott Wave Indicator suite in action during strong trending moves on Stocks, but is also as effective on Forex,Futures, Commodities and crypto currencies.
GNRC potential Long 5th Wave MoveUsing our Elliott Wave Indicator Suite for the TradingView platform we have identified a potential Long Swing Trading opportunity for GNRC on the 1 Hr timeframe. This potential 5th wave long has to breakout today for the trade to be effective before the end of the week.
Wave 4 pull back has found support in our Amber pullback zone, which represent an 80% probability of our automated 5th wave target zone at $90 being hit. The Stochastic has crossed in the oversold zone against false breakout dots in overbought zone and Elliott Wave Oscillator has just moved below 90%. These three combined present a high probability move, but we must enter today when price moves up through $84.84.
Learn more about our Elliott Wave Indicator Suite for TradingView by watching the Video Tour >>>HERE<<<
GNRC corkscrew tradeLooking at longer term trend lines, trying to keep my entry above 54, to avoid the chop between 51 and 54.
Hard out under 50
PT 60
Power Earnings gap play book playRecent Examples of power earnings gap plays: NVTA, DDD, AAPL
1st target is to high of range. Second target is 1.618 fib extension level
found GNRC Oct - Seasonal Strength a 15.0% average Price Change During are Hurricane focused options report we look at GNRC seasonal strength to Determine Best and Worst seasonal strength months and average Price Changes for each month over the past 7 years. See how we found GNRC Oct - Seasonal Strength a 15.0% average Price Change with a 7 out of 8 (87.5%) Positive Occurrences. Also looked at a Bull Call and Put spreads in LOW and HD and found plenty of spreads to choose from if your BULLISH.
see Morning Report
www.youtube.com
GNRC Day Trade Retest Gap (Brad Reed Feb11,2015)GNRC expected to open at 51.15 for a Retest Gap. To learn to trade this strategy for free go to www.RealLifeTrading.com
Top 10 Pick 2 weeks back - Handle formed?some basing may mean the Handle for the Cup has formed, watching
Generac Holdings - GNRC - Daily - Double bottom and winter aheadGenerac (GNRC) is a manufacturer of power generators and tends to have a very cyclical nature as customer demand fluctuates widely around, creating large swings up and down in the shares. The last push down occurred on earnings of 82 cents (roughly 2% for the quarter) and a softened forecast for the next quarter.
The chart now has a double-bottom pattern and is turning up from sharply oversold. GNRC also climbed over the "earnings level' where orders may concentrate and therefore allows for stop loss orders to be placed much closer than without knowing the key level labeled by the green triangle.
Look for upside to 44-46-48-50 over the coming quarter with risk to 41.
The chart shows the last four years of price action for GNRC from November 1 to March 21 and pasted onto this year's November 1. We are currently at the low end of the historical pattern, which is another sign of a soft economy or a sign that we are past the bulge of demand from 100-year storms we have experienced here in the Northeast of the US in the past four years. So, think of GNRC as a "disaster insurance" play for bad weather this winter.
Cheers.
Tim 10:45AM EST 11/14/2014 Thursday
Generac Holding Inc -GNRC Daily -Climbing above key hidden levelGenerator manufacturer likely to be in focus this hurricane season. Deeply oversold and climbing above key-hidden-earnings-levels. Plenty of upside with close support. Note how well previous "key hidden levels" have performed.
Target 53, 47.36 last, 46-45.50 stop loss area. Buy down to 46.80.
Tim 10:21AM EST 8/26/2014
***subscribe to "Key Hidden Levels" in the Marketplace Add-Ons section of Indicators to have the lines and triangles drawn automatically for you. Monthly and annual subscriptions available.
$GNRC (Daily) New Highs? ~$.80 away from new 52-week high @ $53.33. This stock is very healthy and is a very low risk to me. Worth a watch - or a play!
