After being stopped out yesterday, looking for the next entry.Using Elliott Wave, RSIE, and Impulse MACD, I am waiting for the next Wave 1. Currently determining the bottom of wave c (short). on the 1 hr.. chart. Next wave is wave 1 (long).
GTII trade ideas
Massive naked short position about to be unleashed for $GTIISome great news for the company and a great chart setup will carry this much higher. The company is literally doing everything they can to make this squeeze happen. Some people think it can make a move similar to Gamestop. Look for a breakout above the wedge.
GTII: Ascending Triangle, confirmed (96%)Ascending Triangle, confirmed (96%)
Pros:
Descending volume during formation
Volume at break out
PPS above 50MA and 200MA
R/R ratio above 5
RS above 0 and ascending
200MA ascending
250RSI above 50 and ascending
ATR ascending
Target:
PT = 2.7870$
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