Text me if you have any questions/comments for me.
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GNC
- First time doing a written analysis on GNC
- Stock is currently trading at a resistance that was formed during the height of last year’s pandemic crash (purple dotted line)
- Since then, the stock has had more sideways consolidation interspersed with uptrends that last for a few weeks
- Stock is bounding around the short-term support and a successful rebound from here will provide an opportunity for entry
- A successful rebound is around 6.60 levels
- R is less than 10%
- Strategy-to-buy (DYOR) – Suggest waiting for a successful rebound before plotting entry or waiting for a successful breakout of strong resistance
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GNC
- First time doing a written analysis on GNC
- Stock is currently trading at a resistance that was formed during the height of last year’s pandemic crash (purple dotted line)
- Since then, the stock has had more sideways consolidation interspersed with uptrends that last for a few weeks
- Stock is bounding around the short-term support and a successful rebound from here will provide an opportunity for entry
- A successful rebound is around 6.60 levels
- R is less than 10%
- Strategy-to-buy (DYOR) – Suggest waiting for a successful rebound before plotting entry or waiting for a successful breakout of strong resistance