Updated
HOW SERIOUS IN GENIUS ?
Hello Community ,
Lets look on Genius progress and potential future . $NASDAQ:GNUS
If we look on stock behavior we can see typical market behavior . Fundamentally looking this company have solid project going on .. Is it smart to INVEST in this one that decision its up to you . I wanted to pointed out some behavior that I'm seeing . I did make profitable trade on this before and I'm keeping this one on my watch list . But in same time makes me want to think how serious is it ,
Today's closing its in decision with out much movement at all . I'm thinking people will jump on a short side with this one and we all know how many times this creates opposite reaction. If price decide to go up SL liquidation will only add more fuel .
If we look on historical charts from other members you will see how bullish every one was and what market did ...
Long story short I personally think that this has a potential to go higher and at least try to cover the gap above that's left but, looks like it will need some positive news or new demand . Its still sitting in my zone from previous chart but I think we will loose the floor here and start looking for new demand pool .
Please share your opinion ,
Likes and comment are appreciated as always .
See you next time .
Lets look on Genius progress and potential future . $NASDAQ:GNUS
If we look on stock behavior we can see typical market behavior . Fundamentally looking this company have solid project going on .. Is it smart to INVEST in this one that decision its up to you . I wanted to pointed out some behavior that I'm seeing . I did make profitable trade on this before and I'm keeping this one on my watch list . But in same time makes me want to think how serious is it ,
Today's closing its in decision with out much movement at all . I'm thinking people will jump on a short side with this one and we all know how many times this creates opposite reaction. If price decide to go up SL liquidation will only add more fuel .
If we look on historical charts from other members you will see how bullish every one was and what market did ...
Long story short I personally think that this has a potential to go higher and at least try to cover the gap above that's left but, looks like it will need some positive news or new demand . Its still sitting in my zone from previous chart but I think we will loose the floor here and start looking for new demand pool .
Please share your opinion ,
Likes and comment are appreciated as always .
See you next time .
Trade active
We saw small bounce from demand zone . followed with some News . will this keep trend up from here . Very possible . I personally day traded this one at the bell and made some profits . Will see what it will do tomorrow , 
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.