Rick,
Here is what I see – potential for a nice return vs. the risk.
I have attached the weekly chart for GSM and it is having a change in trend. It has now established an uptrend and I would look for another HH. If it makes a LL this will invalidate my idea of a continuation of the uptrend.
Another point that is in the favor of an uptrend of the 200-period...
Trading Idea
1) Find a FIBO slingshot
2) Check FIBO 61.80% level
3) Entry Point > 5.1/61.80%
Chart time frame : C
A) 15 min(1W-3M)
B) 1 hr(3M-6M)
C) 4 hr(6M-1year)
D) 1 day(1-3years)
Stock progress : B
A) Keep rising over 61.80% resistance
B) 61.80% resistance
C) Hit the bottom
D) Hit the top
Stocks rise as they rise from support and fall from resistance....
If I wasn't skiing last week
I would have gone long
@ $5.08. that is .05 cents
above the previous days
high.
Stop @ 4.82 with Target 1 @ $5.85
T2 @ $6.37 and let the last 1/3 ride
adjusting the stop.
Bought this one at $5.75 on a Breakout on Earnings scan using the TradingView stock screener (video linked below).
This one ticked all the boxes for me. Sub $10. Breakout post earning, post squeeze on volume.
Nice trade running well.
The trick with these is once they get extended, where do you exit? :)
Pupm&Dump trading strategy idea.
$GSM is rising too much today.
The demand for shares of the company looks lower than the supply.
This and other conditions can cause a fall in the share price today.
So I opened a short position from $10,49;
stop-loss — $11,18;
take-profit — $9,12/MOC
Do not view this idea as a recommendation for trading or investing. It is...
GSM announ NASDAQ:GSM ced today that it will host NASDAQ:GSM an investor call on Wednesday, February 3, 2021 . This gave some pressure at the opening and GSM spikes.
Ferroglobe Announces Discussions with Ad Hoc Group of Noteholders and Key Financial Partners
Ferroglobe PLC (the “Company”) entered into confidentiality agreements (the “Confidentiality Agreements”) with certain holders (the “Ad Hoc Group of Noteholders”) of the 9.375% Senior Notes due 2022 (the “Notes”) issued by the Company and Globe Specialty Metals, Inc., to...
GSM = A graph is worth a thousand words ... if we go to check the initial rectangle of the GSM quote and its RUN UP mode during the Bullish periods .. we see that from the current values in are 1.9 it has clearly crossed a long line which in my opinion leads to a long pace change in run up.
I believe that at 80% it will bring the title to 12/31/2021 in the minimum...
RSI on verge of trend break
Golden cross imminent
Stochastic reversing and crossed bullishly
Momentum reversing
Potential short term targets $0.762 - $0.8313
Currently star of David symmetry has formed on the daily this is within a patented diamond formation. This formation tends to lead to strong gains with the monthly implying an upper end target at 1.39 and a weekly target between 0.75 and 0.80 (all within bounds of diamond). Break of weekly diamond could see the upper end polarity hit home for the longs.
