SWING IDEA - GSFC

Technically the stock looks good. There are multiple confirmations for the same. The reasons are stated below :

• stock is in a uptrend and corrected till the 0.618 zone (golden zone)
  
• 50EMA support in daily TF
  
• created a 'W' pattern
  
• a strong bullish engulfing candle on a crucial zone (engulfed 4 daily candles)
  

Stock could easily move unto 193-198.65 levels in coming weeks.
198.65 is all the high for this stock.

• 1st target will be 193-198
  
• 2nd target will be 211
  

SL - daily close below 165

Komentarz:

we can add some quantity.
the stock looks good.

Komentarz:

We hit our second target as well.
Got 20% easily.
done with this trade.

THANK YOU !!

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Transakcja zamknięta: osiągnięto wyznaczony cel:

stock price made a high of 291.
65% up from our buying price.

Komentarz:

Price is 81.8% up from our buying price.