Company: GigaMedia Limited Ticker: GIGM Exchange: NASDAQ Sector: Technology Introduction: Hello everyone, today we are focusing on GigaMedia Limited (GIGM), analyzing its Daily scale chart on the NASDAQ exchange. The price chart has caught our attention due to the formation of a bottom pattern, specifically, a cup and handle, which has been developing over the...
USA Stock Analysis: Gigamedia has broken the falling channel and supply zone with high volume, As long as price stays above the demand zone expected to reach the target mentioned on the chart. let's see Happy Investing!
I have been a long-time bagholder of this zombie, and it is starting to blink. Recently inside trades last years. Trades below book value. Starting to operate within the RaaS industry.
Average volatility, last time when CEO bought big (December 2017) stock jumped nearly 50%
Also known like unusual volume is a traditional way to pick stocks because something is happening here, somebody have a big interest here and he or they bought a big quantity of shares the same day and this generally drives the price up. Other aspect to take into account is Shares Outstanding: 11.05 Mil Float: 8.22 Mil Mean Volume: 84,972 This info is relevant...
CEO picked up more shares bringing total to 237K shares, 7.17M float and 10.98M outstanding
GIGM insider purchases post Reverse Split. 20MA about to cross 50MA. Potential double bottom formation and trading out of channel $3.80 price target by March and $4.50 potential Stop loss below $3.00. Low float so can move fast either direction
Type of trade: Day/Swing PT: 1.09 SS: .98 Follow me at Twitter: @jimmyjgo Stocktwits: @Jgo GLHT *Keep an eye on mace tom for the continuation move to the upside… (Above cloud finally) Ichimoku crossover(Bullish)+MACD Bullish Hold=BULL..lol