Stop: 50.00 Potential reversal trade looking for 81 first. Ingenuity Trading Model is an algorithm used in- Stock, Forex, Futures, and Crypto markets. The model is a Geometric Markov Model : Focuses on reversal and continuation wave structures In probability theory, a Markov model is a stochastic model used to predict randomly changing systems. Markov Models are...
I don't do any kind of prediction on the market for quite a long time as I prefer to take trades with my system and respect whatever result the market gives. This one is more an verification idea than a trading idea. GSX stocks had been fallen a lot after the scheme, and it broke the inside week to the downside before ER. I will pretty much be pessimistic about...
There are so many ways GSX can run for its earnings release. I pretty much copied the pattern it created during the last earnings run as it looks similar to Fridays close. We have a bearish pennant which will take two days to create a small enough wedge for the stock to ascend. The wave is not to scale and will probably be adjusted as the week begins. What I like...
GSX closed bellow support line and once it breaks the 200 Daily MA (60$) its in freefall mode.
Investment Call : Buy GXS at 5500 Target: 2x - 5x - 7x Invest : 1% of portfolio. Highly oversold, Big pump is for sure!
GSX has had a run that has seemingly defied logic to some bearish investors, but the overall move it made after clearing the previous ATH was relatively healthy. Despite a massive bear campaign a few months back the stock has churned to massive new highs. However, all good (or bad if you're a bear) things come to an end. It is now due for a correction, and will...
- This post is for educational purposes only. Do not buy or sell this stock based upon this post, but only after performing your own due diligence on the company - Disclosure: Writer of this post has a net short position on GSX. Fundamentals: I believe that GSX's breakout over the last past week above $46.5 was driven by a massive short squeeze and...
Great entry spot to short GSX. Set generous stop over the purple line. If muddywaters research is right, then this is the next LK and will retest IPO levels or even go near zero. This is a great entry point to add to short position, if you shorted a bit too early (like me (break even 39,12)). Put spreads seem best to use for this imho.
China pumps all China stocks - Buybacks
It needs to hold above the confirmation resistance which is $31.37. The resistances till target price are; $32.80 $34.58 $36.35 If you find my charts useful, please leave me "like" or "comment". Thx
GSX sliding down thru the channel
$GSX is just hitting the down trendline. It is above Fib 0.618 so far. If it succeed to hold above, will continue to rise.
Friday, GSX experienced heavy selling throughout the day with a nearly 15% drawdown by the end of day. Throughout the bear market, GSX has been resilient and is considered relatively strong compared to other sector stocks. This changed however when GSX clearly broke a support level at 34.50 on heavy volume Friday. Despite the bullish price action in the...