Bullish $GCTI think NASDAQ:GCT is gonna outperform in the short term. The chart, long term seems bullish. Also, earnings are quite solid.
Gct
💻💡 GigaCloud Technology (GCT) Analysis 📊🔍Strategic Acquisitions:
GigaCloud Technology NASDAQ:GCT , a B2B e-commerce solutions provider, recently completed two significant acquisitions: Noble House Home Furnishings' assets for $85 million and Wondersign, a digital signage company, for $10 million. These strategic moves are expected to significantly enhance GigaCloud's revenue and margins.
Leadership Highlights:
CEO Larry Wu emphasized the company's adaptability and strong profitability. Notably, GigaCloud Marketplace's gross merchandise volume surged by 40.8% year-over-year to $684.8 million. Active buyers increased by 9.6%, and spend per buyer rose by 28.5% to $148,793.
Investment Outlook:
Bullish Outlook: We hold a bullish stance on GCT above the $29.00-$30.00 range.
Upside Potential: With a target set at $58.00-$60.00, investors should closely monitor key performance indicators such as growth in merchandise volume and the successful integration of acquisitions.
📈💻 Stay informed about GigaCloud Technology's progress for potential investment opportunities! #GCT #EcommerceSolutions 📊🔍
$GCT Bearish Divergence ... Lock in Profit opportunity?$GCT Bearish Divergence ... Could be a good opportunity to Lock in Profit ?
$GCT Inverted Cup and Handle Pattern formation$GCT Bearish Inverted Cup and Handle Pattern formation in 1h TF.
Should break the C&H support line to confirm the pattern.. Targets and support lines in chart.
$JZ Clearly forming a BULLISH falling wedge pattern$JZ Is clearly forming a BULLISH falling wedge .. All the conditions of falling wedge pattern have been met (Bullish divergence + declining volume etc..)
Target of this Wedge $8.36
$JZ Seems ready for a huge upward move$JZ (only 5M float) looks ready for a huge upward move like other listed IPOs did recently ($GCT, $TOP, $HKD, $MEGL, $ILAG, $MOB, $STBX and more...)
Momentum indicators shows a Bullish Divergence.. also reversal rounding bottom formation in progress + VOLUME really good.
I expect a huge bullish move after 90% sump since listed.
