Long: 12.20
SL: 10,38
TP: ?
A company that has had a downturn, being unlucky with a specific customer.
They seem to be on their way back on track.
Even though the idea is mostly based on TA, with a Fibonacci levbel of 61,8 bounce, RSI + BB oversold.
POC, support (previous resistance) and a nice pinbar on W1.
This is not financial advice
Seems like the first Wyckoff phase is done for the cycle - broken above short term downgoing trendline, and climbed above the high-volume node on a weekly close.
Expecting Markup phase until EOY
I'm new but I have seen trends like this before and for the first time I have made my own chart of what I think is gonna happen. Hope you enjoy it, and please write to me if you think you can teach me something about making charts like these. Perhaps you have better ways to make sure the trend is true. Thank you
Hallo everyone,
Coronavirus is above us. Gomspace stock price is at an historic low and the fundamentals don't indicate that the price will go much lower. It's a high risc stock but will a huge potential.
Looks like we have a classic cup and handle formed.
We had Volume dry-up on the way down and in the bottom of the cup and shaked the weak hands out. Then followed by lots of volume on the way up and dry-up again through the handle of the cup.
To minimize risk we need to to wait for volume to increase and break the resistance at the high of the cup and then the...
GOMX just got a confirmed breakout on 4 h chart. We got an "inverse emprire" and "green candle reversal" on price action as well as a double divergence on the MACD .
GOMspace seems due for a another breakout. We just hit an extended FIB move to 1.2, stochastic seems ready to cross.... I am expecting a breakout (unconfirmed)! Keep your stop loss tight and remember to take profit.
I expect we will see a further drop down to close the gap, which will be my buy zone.
This would also be the 78% retracement, lets see how i pans out.
Happy trading
![GOMX: Breakout on [GOMX] - unconfirmed](https://s3.tradingview.com/j/jTICmBaq_mid.png "Breakout on [GOMX] - unconfirmed")
