GDRX just completed a .618 W2 retracement and I believe it's in the process of W3, targeting its previous ATH.
Could soon break out of the wedge pattern that's been forming since IPO.
- AVWAP. Closed above some interesting points - from all time high, low from Amazon news, and recent swing high/low.
- Dark Pool. @soumyazen from Twitter has mentioned that GDRX has been getting a lot of love from dark pool buyers in January. Smart money is interested.
- Short Squeeze Potential. 25%+ short interest at the moment.
- Strong Fundamentals. GDRX still seems to be misunderstood. Amazon's entry into the pharmacy business may have caused an overreaction, as they would only be targeting ~5% of the industry (mail orders). GDRX has long-standing relationships with many PBMs, Amazon only has one.
Earnings call expected in February. Good luck to all!
(long GDRX 4/16 45c)
Could soon break out of the wedge pattern that's been forming since IPO.
- AVWAP. Closed above some interesting points - from all time high, low from Amazon news, and recent swing high/low.
- Dark Pool. @soumyazen from Twitter has mentioned that GDRX has been getting a lot of love from dark pool buyers in January. Smart money is interested.
- Short Squeeze Potential. 25%+ short interest at the moment.
- Strong Fundamentals. GDRX still seems to be misunderstood. Amazon's entry into the pharmacy business may have caused an overreaction, as they would only be targeting ~5% of the industry (mail orders). GDRX has long-standing relationships with many PBMs, Amazon only has one.
Earnings call expected in February. Good luck to all!
(long GDRX 4/16 45c)
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.