juniorsantiago7

GNRC showing sign of an uptrend coming

Long
BATS:GNRC   Generac Holdings Inc.
Hey traders, I've been watching GNRC and I think it's ready for a bounce. It's been in a downtrend for a while, but it's showing some bullish divergence on the RSI and MACD. It also broke above the 20-day EMA, which could act as support. I'm looking for a long entry around $350, with a stop loss below the recent low. My target is $400, where it could face some resistance from the 50-day EMA. This is just my opinion, not financial advice. Trade with caution and good luck!

Clause de non-responsabilité

Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.