Rocketman

GCT: IPO Could Turn into a Super Stock

Long
BATS:GCT   GigaCloud Technology Inc
Fundamentals:
This is still a newbie stock. It might develop into a super stock.
Accelerating sales. Booming earning. Positive forward outlook from the management. Earnings stability is a little wild and company sponsorship is fresh and growing. This company has a positive cashflow. Overall, it is a good company to buy and hold. It doesn't pay a dividend. This is a growth stock.


Technicals:
Weekly:
50% Fib pb on horizontal support from October 2023
Kijun trend bounce
NR4/7 breakout

Daily:
exDiv1 with extremes indicator
Cloud bounce
Morning start candle pattern
Bounce off horizontal support and 50% fib from October 2023
uHd

Preliminary Target is $60. Estimated time to reach target is November or December 2024; about 7 to 8 months.

Capturing the swings of the stock market & currency market. It's a dirty job and equity/currency traders must do it.
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