$GUTS (NASDAQ) — Weekly Reversal in Progress

7 gün önce

After several months of consolidation followed by a sharp summer sell-off, GUTS is finally showing strong signs of recovery.
Last week’s candle closed decisively above the $1.60 – $1.70 supply zone, triggering a potential trend-reversal structure.

📌 Swing Trade Plan

📍 Entry: $1.85 – $1.90
🛑 Stop-loss: $1.58 (below the last bullish weekly candle)
🎯 Take-profit: $2.35 – $2.40
📊 Risk/Reward: ~1:2 ✔️

🔍 Technical Rationale

✔️ Strong breakout above resistance
✔️ Clear higher highs & higher lows structure forming
✔️ Positive reaction after earnings — bad news likely priced in
✔️ Rising volume confirming momentum and demand

⚠️ Invalidation Level

📌 A weekly close below $1.70 kills the bullish momentum and cancels the setup.

📢 Scenario Management

🔺 Plan will be updated in case of a breakout above $2.00
🔻 Or loss of $1.70, which would signal structural weakness

💬 This is just my personal market outlook — not financial advice.
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3 gün önce

İşlem aktif

Another one with a 11% profit....go!!!

dün

Not

20% profit, taking some $$ out here, moving SL to BE