GOGL - 30Minute and Weekly Buy Analysis

2023년 10월 1일

Summary of this article: 30 minute and Weekly analysis, best to buy this above the breakout consolidation. Wait for $9-$11 to purchase this. If you do not want to wait for the breakout, Stop loss below $7.


There are a few ways to buy this on the 30minute chart, which can definitely morph to a long term hold.

You can see that purple would give the most consolidation to buy the breakout and in my opinion for a consolidation ALONG the $8 to $7.30 range would be BEST for a purchase of GOGL above the breakout range, which could be as high as $8.20 (soon) or as low as $7.60 (Late Nov) depending where we are along such a consolidation.

Green would be an interesting buy because a tight stop loss below $6.88 a key level would be easy to execute, but coming back to $6.80-$7 would be poor for the stock and the stock would experience bearish momentum, but still, you can buy it at that key level with a tight SL.

Red path : There is also the case of just buy and see it perform, which is very possible. The stock has done this before without any significant market structure.

Please see my weekly analysis here:


There IS a Head and shoulders pattern that we are actually still fighting the neckline. On the weekly, super long term hold, the Easiest, safest way to buy this is at the breakout consolidation which could be between $9.50 and $8 depending where we are in the market, outlined in the green. The neckline is in dotted pink at around $7.50.

It is important that the price consolidated below the neckline only to break up with an micro inverted head and shoulders.

2023년 10월 8일

노트

Price is moving in the upward direction however you need to wait till it clears 8.20 and if it encounters resistance, then I would sell call credit spreads to Jan 2024 or later or ignore it. if it remains in the sell channel but doesnt break the top sell channel, pick it up when it breaks bullishly, and short if it breaks the top sell channel bearishly.