$GNFT is gonna fall todayPupm&Dump trading strategy idea.
$GNFT is rising without clear preconditions today.
The demand for shares of the company looks lower than the supply.
This and other conditions can cause a fall in the share price today.
So I opened a short position from $5,16;
stop-loss — $5,52;
take-profit — $4,80;
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.
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GNFT trade ideas
GNFT ready for a big upside moveEURONEXT:GNFT ready for an upside move: on the daily chart is very oversold but the price is squeezed in the same area for the last 3 weeks (accumulation phase), while the volume was lower and lower. But now on the last daily candlestick, the volume increased suddenly while the money flow index also increased drastically.
On the 4h chart, the RSI and MACD were increasing in this period while the price remained the same. So now, everything indicates a move is coming very soon.
My first target is between $8.38 (fib 0.3 on the last big downside move) and $8.92 (first resistance), which makes around 70% gain from the current price.
Genfit, is it going to recover?Genfit dropped a lot and the thing that concerns me is not that it dropped but that it’s still
dropping. Normally after something like this the stock or coin starts going up but that’s not the case here. Really genfit needs some good news now or it looks like it’s going to continue dropping. I would wait to see what happens and not make any trades because even though it’s really down and seems like a great long opportunity, the fact that it’s not stopping is concerning.
Not financial advice just an idea.