Gss energy was mentioned for long on 24 Oct at 0.074 and it hit the target price of 0.083, a potential profit of 12.16% within 7 trading days.
This is the live trading call made on spot, which i posted on investingnote.com :
https://www.investingnote.com/posts/1675450
https://www.investingnote.com/posts/1675452
This is the live trading call made on spot, which i posted on investingnote.com :
https://www.investingnote.com/posts/1675450
https://www.investingnote.com/posts/1675452
After GSS hit target price, the next question arose, whether price can go up further? Whether those who has not bought still can buy now?
Although it is possible that GSS may go up some more, I would like to remind that regardless the recent strong move of GSS energy, it is still in a downtrend according to the week chart, as shown in the below chart . It also shows that it may face some resistance already because of the downward trendline. Actually the call on 24 Oct was to catch a potential strong rebound. Now after the rebound happened, risk is accumulating and it may start to have some pull back soon.
Although it is possible that GSS may go up some more, I would like to remind that regardless the recent strong move of GSS energy, it is still in a downtrend according to the week chart, as shown in the below chart . It also shows that it may face some resistance already because of the downward trendline. Actually the call on 24 Oct was to catch a potential strong rebound. Now after the rebound happened, risk is accumulating and it may start to have some pull back soon.
Therefore, I will NOT suggest retailers/investors to opening long position for Gss at current price level and timing. For those who followed my call and still hold GSS long position bought at ard 0.074/0.075, may consider sell gradually on strength and take profit instead of holding this downtrend stock and hoping the price keep going up and turn to uptrend.
Did you miss this GSS energy trading opportunity? or you feel hard to do stock pick and price monitoring to catch nice great trading opportunities, like GSS energy and other stocks (click here to read other trading calls made) ? If you would like to receive trading ideas for great stocks like GSS and improve your performance in future......