GNUS broke the consolidation!!A nice breakout today although the volume was not that much! Still I am cautious about this stock for long term until it stays above 1.26$.
Lets consider a long position like this for the next few days! Hopefully it will be triggered.
GNUS
Genius brands multiple bullish signalsGenius Brands (GNUS) in a bullish descending wedge chart pattern with bullish stochastic & RSI divergence. This stock is currently shorted to the tune of 16.51% (47,084,674 shares).
Projected price of circa $3.42 (+190%) based on doubling of wedge height, excluding short covering and the infamous reddit armies involvement in driving the shorts into the ground!
Genius brands is one of the original 'meme' stocks of 2021 which trading was famously halted on during the GME short squeeze.
GNUS BREAKOUTGNUS has been waiting for a long time, it showed a quick spike to 2.50 recently, call premium shot up 5000% on good news. i think GNUS is really ready for its final pumps. ANDY has secured their future with over 100,000,000 subscribers, and is early into NFT sales, not to mention sold his last company to Disney.
i think Gnus easily has 5-10$ targets placed on it, if not more in the future. watch out for GNUS, over this Q3 and Q4 rallies.
The Short interest is incredibly high, it will be center stage this year I know it in my gut.
$GNUS from $1 to $56 with triangle and flag pattern(%5000 gain)Genius brand needs seven months of consolidation in the triangle to form a huge flag pattern and then an enormous explosion will happen.
the time of pump has arrived?in my last TA on GNUS, I considered it neutral in the triple combination triangle for one year. but this pitchfork says another thing.
GNUS 1Wtest
Genius Brands International, Inc. is a content and brand management company, which engages in developing, producing, marketing, and licensing branded children’s entertainment properties and consumer products for media distribution and retail channels.
GNUS Following Fibs & 200DMAGNUS testing the 200DMA right now and could be an important level to watch. Moreover, look at the fib retracement from the last "lowest-low" and the fib levels fall into place in a way. For instance, the 786level has been a key level for GNUS over the last 9 months. After retracing, testing, and bouncing off of that, will the trend continue? The 200DMA will likely be the judge of that in the short term.
" While fears remain thanks to news from a Pelosi staffer catching COVID, the larger concerns from Monday seem to have subsided. In the same light, many reopening stocks have gained more attention. Genius Brands has built a suite of entertainment brands over the last few years. The company recently announced that its “Sant Lee’s Superhero Kindergarten” exceeded 40 million views on Genius’ Kartoon Channel! That’s just from 11 episodes of season one currently available. There are 15 more episodes set to debut this year, according to the company. Right now, Kartoon Channel! is available on multiple platforms. These include Comcast, DISH, Sling TV, Amazon Prime, Apple TV, Roku, and many smart TVs. GNUS is also no stranger to volatile moves. Considering that the penny stock has bounced back to test a major technical level (its 200-Day moving average), it will be interesting to see if the overall market’s momentum can continue this bullishness or not. Read More On Genius . "
Quote Source: 4 Penny Stocks To Watch As Hedge Against Dogecoin Price Drop Today
Hidden Divergence on the daily of GNUSWhat is a hidden divergence?
"A hidden divergence occurs when an indicator makes a higher high or a lower low while the price action does not. This often indicates that there is still strength in the prevailing trend, and that the trend will continue. A hidden divergence is used in a similar way to a confirmation pattern."
How can traders use divergences?
"Traders can use divergences as a leading indicator, as it precedes the price action. A divergence comes about because a technical indicator does not agree with the current market price, which means that a change in direction is likely. So, traders can potentially use the divergence pattern to enter and exit trades.
However, it is important to note that the technique does not give a set price point at which to open or close a trade, just an indication of the strength or weakness of the underlying market sentiment."
GNUS Channel Bound. For NowGNUS remains channel bound with the 618 Fib line acting as a pivot support/resistance. I think there needs to be some info from the company now that they plan on being on the Russell.
On June 8th, the company announced that it will join the Russell 3000 Index after the conclusion of the 2021 Russell indexes annual reconstitution. This will be active when the market opens on June 28th, 2021. One month ago, GNUS stock was around $1.55 per share and it has now reached nearly $2 per share as of June 23rd.
In particular, our recently launched tentpole brand, Stan Lee’s Superhero Kindergarten, starring Arnold Schwarzenegger, has now surpassed 28 million views, averaging now over 4 million views per episode, making this one of the most highly viewed new cartoon launches in history.”
Quote Source: 7 Top Penny Stocks For Your July 2021 Watch List
If it can break the 618 fib, I'd like to see it at least come close to testing the 50 fib. We'll see if it's allowed to move.
GNUSvolume has been going down until we had that little bottom with a "spike" in volume.
after that, consolidation took place, BUT then more volume come in AND we had +4% and +9% in twno days.
we have now broken the previous resistance, and WITH A SPIKE IN VOLUME.
guys, if volume starts to come once again, that can easily go to 4 USD (+100% from now).
I know, the volume is not much, but having a SPIKE in volume today who breaks the resistance, is definitely interesting.
if volume starts falling and the price seems going nowhere, will not be a good sight tho.
pls remember to use STOP LOSS.
GNUS SHORTSQUEEZE COMMENCINGFollow please! I am new!
Do you see that? That my friends, is the beginning of something glorious. I know its hard to believe right now, but this stock is going to be very popular.
The shows they are broadcasting are becoming quickly popular and they just landed multiple AAA contracts with companies like McDonalds, WalMart, and many many more.
It has a reputation of massive shorts squeezing and many people want another taste of its juices. This will turbocharge the climbs to a whopping 34$!
it would seem that it just barely broke the resistances and is starting to break the downtrend.
The MACD is a little overcooked at the moment, but it is trailing so i am not too concerned long.
I would expect a slight pull back but the coming weeks should be really interesting!
GNUS EXTREME SHORTSQUEEZE COMINGBe prepard for this sleeping giant to erupt. I can see easily 21$ in gnus future as a shortsqueeze is very likely with the technical pattern happening. this is a long term accumulation. think... dogecoin. Bitcoin. Bngo. this one is gona be BIG.
IMO
Partners with CIDM, GNUS has the most kids shows of any other company. My own kid the other day was watching one of their shows.
CIDM Bullish AFI know this mite sound silly but... i think this company has potential to do mind warping runs.
It is being heavily shorted and accumulated. It has good news DAILY.
They are an upcoming OTT streaming service like netflix and have a rapidly growing clientelle.
They are already being called the "indie netflix" and Indie is becoming very popular at this time.
Cidm also has developed an limited partnership recently with GNUS which also is very bullish in my opinion, as they are a large IP holder of children's shows and multiple award winning series including gumby.
Short target 2-3$
medium target 3-7$
long targets 35$ WOW!
Gnus oversold...I keep getting stopped out of this. One day it will explode...
Here goes another try.
RSI OVERSOLD
Long @1.49 Stop loss 1.35
GL to all...
Not financial advice...
GNUSGenius Brands International Inc (NASDAQ:GNUS) On the daily chart, the price struggled to continue its downward move yesterday, and it closed with a doji candle formation after touching the major support level at 1.40. The doji gave a signal of possible price reversal upward, especially since it formed around the 1.50 area, which, although offered no distinct high or low, is congested with previous support and resistance levels. Possible bounce play next week.
$GNUS | Don't be short-sighted - 4hr ChartGNUS is most likely going to fall to support @ $1.75 by EOW. After it hits support it should bounce from there and start to test fib levels.
My prior analysis is still valid, so my PT by end of April is $6.
*THIS IS ONLY MY OPINION AND IS NOT A RECOMMENDATION TO BUY OR SELL.
Buy $GNUS - NRPicks 28 FebGenius Brands International Inc is a kids media company. It is engaged in developing, producing, marketing, and licensing branded children's entertainment properties and consumer products for media and retail distribution. Its portfolio features programming for toddlers to tweens, including the preschool properties Rainbow Rangers for Nick Jr. and Llama Llama for Netflix, toddler brand Baby Genius, STEM-based series Thomas Edison's Secret Lab, Warren Buffett's Secret Millionaires Club, and the new preschool show, Stan Lee's Superhero Kindergarten. The company's channel is available on television and mobile devices through distribution platforms, including Comcast, Cox, DISH, Sling TV, Apple TV, Roku, and Amazon Fire among others.
Technical:
Average RSI levels
Price below MA20, MA50 and MA200
Possible Goldencross at the Short term
MACD Level (12, 26) - 0.11
The company presented a 40% decline from the $ 3.06 reached in January, we consider a possible natural rebound in price for the short term.
Long | GNUSNASDAQ:GNUS
Possible Scenario: LONG
Evidence: Price Action
TP1 ~3
This is my idea and could be wrong 100%,
Tyme tickingChart request.
I’m sensing a buy signal here soon setting my alert on a lower timeframe to catch the momentum. Nice hammer pin bar on the daily off the TRND bot volatility line indicator lining out with the Bollinger band. Will keep this on watch for a reversal.
If you have a request let me know and be sure to like/follow! Thank you.