#GNO The price is moving within a 1-day bearish channel pattern, which is a retracement pattern We have a bounce from a green support area at 265.00 We have a tendency to stabilize above the Moving Average 100 We have a downtrend on the RSI indicator that supports the rise and gives greater momentum and the price is based on it Entry price is 344.00 The first...
If it continues to hold this support, we are in for a perfect entry or call up to the top of the target. Let get it! RSI Continuation trend. Support. Wedging. Should be beautiful Ignore the triangle I drew, literally meant nothing. as well as the random ass line. lol
Golden Nuggy looks as if she's ready to start a little run towards the upside. Let me know your thoughts. Are you holding Golden Nugget, if so, how long have you been holding. What are your thoughts, what can you see GNOG reaching in the near term or later out. If your not a fan let me no why. Any particular reason or is it just not your flavor. Happy trading Everyone.
Previously, I stated that we see a reverse head & shoulders despite people calling it is normal head & shoulders and I was proven right as after last shoulder we followed the black line I have drawn. Now once again, we arrived at the critical point, the bearish resistance upper channel (blue line). We have tested this part before and couldn`t break it. Once again...
Initially from the fist part, I thought it was a double bottom W formation and it worked till 16$ but couldn`t break the blue line that`s the resistance and went down again. The good thing is it found the same resistance yesterday at 13.55 which is the bottom on the first wave. Hence I firmly believe, as you can see from the black line I draw, we see a reverse...
I think I found a harmonic pattern known as a bullish shark on GNOG. This is how I'd trade it. I'm waaay too tired to get verbose on this one, sorry.
4 month bearish move coming to an end with a classic textbooks style W, double dip formation.
Please do yourself a favor and deposit some money into Webull and buy at least 25 shares of this stock. I listed some key buying points and the future for this stock is very positive. Enjoy and trade safely
Will we see a reversal soon? DKNG earnings next week, possibly money rolling into the betting sector. Keep an eye on this one to break out of the falling wedge.
After a nice rally leading up to the Super Bowl it looks like this beast has settled down, not much sports betting activity besides NBA and March Madness which would be a big one. After that I feel the stock price will see some flat movement and run based on states passing betting laws. Also keep in mind we have ER approaching soon so that will cause a possible...
Smashed earnings. Here's an example of how the market is irrational.
If this stock has another pump left, it may look something like this. Anything under $19.00 is a good buy, under $17.00 is better, stop losses at $14.75 Let's go crystal ball!
I am a noobie, so pardon any flaws while I learn to do TA. I see a falling wedge that is tightening on GNOG, we should be getting close to a breakout in the short term, might be a good zone to start adding or averaging down if necessary.
GNOG is an online gambling platform that may benefit from Biden's administration (more here: on.mktw.net). It is trading close to the long term trendline at a 25% "discount" from ATH. You can start a position at this level with minimal risk since you can exit if the price closes below the trendline or price support (white line) with strong volume + other...
Re-posting since TV took down my original post from yesterday. With most SPACs we tend to see a post-merger decline as traders take profits. However, if the new ticker is a company that has tailwinds behind it then we often witness a rally after the retracement finds support. GNOG is now sitting at the 50 MA after forming a double top . There is also hidden...
Good morning traders NO POSITION - Was alerted on news "Golden Nugget Online Gaming shares are trading higher after Benchmark initiated coverage on the stock with a Buy rating." so decided to take a peak at the daily on this stock. Not sure we see much of a volume push on this but thats the big thing it needs, volume. Besides that, it has strong support and if...