juniorsantiago7

GNRC showing sign of an uptrend coming

BATS:GNRC   Generac Holdings Inc.
Hey traders, I've been watching GNRC and I think it's ready for a bounce. It's been in a downtrend for a while, but it's showing some bullish divergence on the RSI and MACD. It also broke above the 20-day EMA, which could act as support. I'm looking for a long entry around $350, with a stop loss below the recent low. My target is $400, where it could face some resistance from the 50-day EMA. This is just my opinion, not financial advice. Trade with caution and good luck!

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