GBIO trade ideas
GBIO Bouncing Off High-Volume AreaGeneration Bio stock is triggering long on both a technical and fundamental bases. Two company insiders (board members) bought the stock in their personal accounts for a total investment of $599,000.
Additionally, GBIO is bouncing off it's high-volume areas where buyers have a history of stepping in and accumulating shares.
I'm a few days late on this one, but I like it as a long for an eventual re-test of all-time highs.
GBIO is giving a GREAT IPO LONG opportunity todayIPO intraday trading strategy idea
Generation Bio is an innovative genetic medicine company creating a new class of gene therapy.
The share price is rising and gonna continue this trend today.
The demand for shares of the company still looks higher than the supply.
These and other conditions can cause a rise in the share price today.
So I opened a long position from $23,31;
take-profit — $28,53;
stop-loss — $21,57.
Do not view this idea as a recommendation for trading or investing. It is published only to introduce my own vision.
Always do your own analysis before making deals. When you use any materials, do not rely on blind trust.
You should remember that isolated deals do not give systematic profit, so trade/invest using a developed strategy.
If you like my content, you can subscribe to the news and receive my fresh ideas.
Thanks for being with me!