GOGO trade ideas
GOGO: High Short Interest Stock, Boost From Transports?Airlines like $DAL and $UAL looking great and the general market is holding up as well. Could we see some short covering coming? Easy to beat up on the business model but is it time to take it seriously??
GOGO on watchPositive reaction to earnings. Tight price action holding at recent high with lot of upside potential.
Look for price to continue tight movement inside of box. Can build position in box and add on break
above box. Not interested if price fails to hold the high range and closes below box.
Ascending triangle or Bullish Flag. Looks like it can either triangle or a bullish flag. Chart looks bullish and MACD is about to go green.
GOGO Tight range for multiple week GOGO looks prime to make a move. Have been watching for a while now.
Perhaps upcoming earnings will draw some money in. See previous post.
$GOGO Consolidating Massive Rally w/ a 1 Month #CupandHandle$GOGO had a massive 180+% rally from a 3 moths cup and handle breakout just short weeks ago. The stock has been digesting that rally moving relatively sideways forming a 1 month cup and handle pattern. the stock closed right below chart pattern resistance on Friday and it looks ready to breakout and start its next leg higher.
$GOGO time to Gooooooo???$GOGO ready to GOOOO to the MOON? idk but it looks ready with MACD crossing and stochastic crossing too
High Tight Flag with big accumulation volume is a recipe for succuess
Keep in mind I am not a financial advisor and this information is strictly for educational purposes only.
GOGO bull flagTHis little guy looks to take off out of a really great pattern. Buy stop at 10.10 and we will let it ride till 15-16
GOGO possible downtrend breakoutWatch GOGO to start an uptrend soon with a sales growth 22% next year.
GOGO on watchLike it long above the box. If the box doesn't hold I will wait for a pull back long from lower targets. Massive volume.
just need to wait for confirmation that the volume was new buyers not just short covering.
Intelsat to Acquire CA Business of Gogo for $400 millionIntelsat to Acquire Commercial Aviation Business of Gogo
for $400 million in cash, subject to customary adjustments.
On August 31, 2020, the U.S. Bankruptcy Court for the Eastern District of Virginia, Richmond Division, approved Intelsat’s consummation of the transaction.
finance.yahoo.com
The company's commercial aviation (CA) business has been losing money ($37.2 million last quarter) while the business aviation (BA) segment has held up relatively better . Revenue declines in the BA business have not been as dramatic and the division generated segment profits of $27.2 million last quarter.
www.fool.com
GOGO: Ascending triangle, confirmedAscending Triangle, Confirmed
Pros
Descending Volume
Volume on break out
Broke 200MA on volume
250RSI above 50
PPS above 50MA and 200MA
RS above 0 and climbing
R/R ratio above 12, High
Cons
200MA descending
Targets:
PT1 = 4,19 (Filled)
PT2 = 5,39 (Filled)
PT3 = 6,12
PT4 = 6,58
PT5 = 7,66
Bonus PT6 = 8,63
AVANCE L5 Achieves Milestone Flying on 1,000 Business JetsGogo AVANCE L5 Achieves Milestone Flying on 1,000 Business Jets; AVANCE L3 Nears 450 Installations
finance.yahoo.com
