Down Trend to ENDNear its Low - Fake breakout volume caused loss of faith but volume is increasing slowly.
1:4 RISK REWARD in next 4 weeks.
GOODRICKE trade ideas
High probability medium term trade in Goodricke- upside of 258%This is a medium-term high probability trade with an upside potential of up to 258%.
Duration- 8 to 10 months.
Multiple signs make this a high probable trade-
1) Bullish divergence in MOM indicator
2) Elliot wave (3) starting.
3) FLAG break breakout. Height of the pole is 258% hence the optimum target
There is a GAP just above the break-out zone, wait for a close above 258-259 and then go long.
Stop loss- 198, trail the stop loss as the trend develops.
Follow, like, and comment-
Will keep updating this to track the progress and trail stop loss as the trend develops. FOLLOW to get notified.
Goodricke groupKeep observing this stock. Potential flag breakout to be watched out for. If weekly close above 320, potential strong upmove expected.
This is just for study purpose, NOT a recommendation to trade/invest.
Goodricke GroupThe stock has broken out of an Inverted Head and Shoulders pattern. A sustained further move can strengthen the times for the stock ahead!
