GSY on TSX - a buyReason for Entering This Stock Today:
This stock is currently showing strong bullish momentum across multiple timeframes. Here's my rationale for entering:
Weekly and Daily Uptrend: The stock is trending higher on both the weekly and daily charts, confirming sustained strength in the bigger picture. I'm looking to align my trade with the dominant trend.
Testing Key Anchored VWAP and Demand Zone: Price is testing an important anchored VWAP level and a prior demand zone, areas that historically attract buyers. This confluence of support strengthens the probability of a move higher.
Intraday Structure: On the 30-minute timeframe, the stock is forming higher highs and higher lows, a clear sign that buyers are stepping in and maintaining control. This adds further confidence to the bullish setup.
Trade Execution: I entered this position this morning with my stop placed at the low of the 30-minute timeframe, keeping my risk defined and manageable. Remember, trading is personal—pick your own stop level and adapt the trade to fit your own strategy and risk tolerance.
This setup looks ready to go, and I’m eager to see how it plays out! Always trade with a plan and manage your risk effectively. 🚀
