GPT - Is the Correction Over?GPT may have finished its retracement and may be ready for an up move. As it has broken the Bearish Trendline, and a bounce of the Support Zone and High Profile Volume Zone, I think it is going to move up towards the previous Highs.
TP1 - $4.57
TP2 - $4.77
Stoploss - $3.97
Please note these are my own notes, by no means trading advice. Please do your own research before entering into any trade.
GPT trade ideas
Uptrend Confirmed - Next Buying OppurtunityRecent price action has confirmed a reversal by pumping upwards and forming a higher high.
1. Price has formed a higher high
2. It has formed a Golden Cross
3. Recent sessions' price action, ( Bearish Candles) indicate that the stock price is pulling back
4. I will be confident to buy in the $4.15 - $4.30 region (Buy Zone) as it is in the 50%-61.8% Fib Retracement Zone (Golden pocket)
5. There is a gap window between $4.30 - $4.50 region (another confluence of Support)
6. There is a trendline support in the same region which is the third confluence.
Please note these are my own notes, by no means trading advice. Please do your own research before entering into any trade.