9 January 2024
GCT has shown up on my >= 52 week high scanner the last few days. Volume over the last couple weeks looks good. Looks like the 8 EMA has been respected for a while if you want to wait for a pullback, or trade it if it moves above the high of today (24.01) with a stop below the low of the day (21.12 - hey, that's a Rush album lol!).
The 2 methods I like to use in these cases:
1: Wait for the price to stay above the high of the previous day (green line) for at least 15 minutes before taking a trade and set your stop at the low of the previous day (red line).
2: If the price stays above the high of the previous day (green line) for at least 15 minutes, add the stock to a watch list, and wait for a pullback to an EMA that has held it well and then buy it with a stop below that EMA.
GCT has shown up on my >= 52 week high scanner the last few days. Volume over the last couple weeks looks good. Looks like the 8 EMA has been respected for a while if you want to wait for a pullback, or trade it if it moves above the high of today (24.01) with a stop below the low of the day (21.12 - hey, that's a Rush album lol!).
The 2 methods I like to use in these cases:
1: Wait for the price to stay above the high of the previous day (green line) for at least 15 minutes before taking a trade and set your stop at the low of the previous day (red line).
2: If the price stays above the high of the previous day (green line) for at least 15 minutes, add the stock to a watch list, and wait for a pullback to an EMA that has held it well and then buy it with a stop below that EMA.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.