GOGO : BASIC TECH ANALYSIS
The chart shows an obvious pattern after every huge pump there is a small 25-30% dip before retesting the ATH and supposedly reaching a new one. After that we see the big dip of about 50%. Currently, we are at the 25-30% dip, so we can expect a retest of the ATH and maybe reach a new one.
This is my first published analysis, i tried my best hope you like it.
Note
RSI: every huge pump is viewed with a big gap between the RSI and the SMA. That gap has already been achieved for this pump but the small rebound hasn't yet. TTM squeeze: We're still in the first 3 blue bars, there is still some upcoming action to the stock, its out of the squeeze and ready for more volatility and momentum.
Note
ATH was reached, waiting for a retest at lower pricesNote
a dip to 17-15$ is expected
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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.