Bullish engulfing - weeklyStrong bullish engulfing candle on the weekly timeframe at area of historic strong support for GFINITY. RSI rising.
Trading update due in next 2 weeks with HY accounts due out by 2nd week in March. All indications from the company are that they are seeing enormous growth in the digital media side of their business. Monthly Active Users growing exponentially as well as the revenue per user increasing from around 5p at start of 2021 to 20p by end Dec 2022 - Twin engines of growth for anyone who has read 100-baggers.
Business significantly undervalued compared to peers, has top management, is operating in a hot sector, has low debt, low fixed costs, high margins, and is rapidly growing revenues, fast approaching profitability (July 2022), cashed up & highly scalable.
GFIN trade ideas
#GFIN #ESPORTS Chart good Reward/Risk ratioPositive trading update anticipated end January. All warrants now exercised which have caused a drag on share price. Revenues surpassing expectations, records being broke for monthly active users. MACD divergence still in play on daily timeframe. Broker target 9.5p and expecting compound annual growth of 43%. Huge upside from here!
GFIN , not a great time.. Since the 15th of November the price of Gfinity started testing all the supports that have consolidated for the last couple of months. Unfortunately even if still receiving high average volume the news of the ADJUSTED EBITDA LOSS of -2.3 MILLION and the operating loss of 50 % to -2.7 million had hit the price.
As per chart: the price seems to go to test the area of £3.10 (where there has been a previous support area) if broken the price can even go further to £2.80. I've drawn 3 different scenarios that are possible in my opinion.
The next earning are on the 29th of March 2022.
Let me know in the comment what you think and if you like my ideas leave a LIKE tu support me !
Peace =)
GFIN , Gfinity , LSE, Wyckoff full cycle Looking at a weekly time frame It's noticeable what GFIN is doing since 2015 alternating an accumulation phase , mark up, distribution , mark down and back to accumulation phase.
We had the Spring ( Lowest price in March 2020 with £0.30) followed by the accumulation phase until now.
The main supports I've identified are at: £3.30 and £3.60 ( where possibly the price is going now and than bounce back and try to go through the main resistances that are at: £5.70 and £7.00 as shown by the arrows .
to support me please leave a like or a comment !!
( if you want any specific analysis leave a comment below )
Thanks
Good luck all
Peace
Gameover, or Game On, for #GFIN?Hello fellow reader
I'm posting my second idea on Gfinity. I feel the first lacked the proper quality and did not tell the story as I had in my mind.
Please let's start over.
We can see there is a clear uptrend from March 20. We can see the share price almost zigzags along said trend.
We can also see the high on 26 Jan 21. I'm unable to have RSI set up on my chart but at this point it is at 77, suggesting overbrought, or upward momentum.
Onwards, we can see support was established at 4.7 to which eventually broke, particularly today where the SP fell >8% on relatively high volume.
However, the next couple of days will be crucial, as we may see a repeat of the previous bounces against the positive trendline support. Using the Fib retracement, I expect some pullback to 4.8p. If the bulls play, I have a target price to roughly 7.5p afterwards.
If the positive uptrend fails to hold as support, then this could be a bearish signal, as it will be the first time the trend does not hold.
Let me know your thoughts.
GFIN BULLISH ?From the chart, it can be clearly seen where trendlines are including support/resistance.
We can see a descending horizontal wedge type pattern (sorry don't know technical name).
Keep eye on next few days price action to determine whether downtrend resistance line breaks, indicating bullish reversal.
Let me know of any comments.
NB First chart publish. Total newbie. Thanks :)
GFINITY in consolidation before major move higherLSE:GFIN GFINITY is currently in a contracting period of volatility and consolidation with higher highs and lower lows. Further consolidation expected with reducing volatility. A close above 4.30p on strong volume will confirm a move higher toward 7p - 100% gain from current levels.