5GN TA chart, page-470

5GN is a stock I’ve been watching (and now wishing I had been trading!). It’s relatively short listing history makes charting analysis a little challenging. While I’d like to see a pullback before buying in – and I may have already missed the bus – it looks good.
Most likely on Elliott Wave 3 which is the longest and strongest rising wave. Is in a technical uptrend and making higher lows and highs. If you had seen the break of downtrend back in 2018 and used the trading rules I applied – you would have had to wait 6 months to get an entry. It would have been a worthwhile wait as those trading rules gave a 150% profit over about 8 months. The next downtrend was broken by a ‘sucker rally’ which my rules saw a break even trade or small loss after brokerage. The next downtrend break trade is the current rally which is up 130% from my theoretical entry. The green and red horizontal lines mark my theoretical buy in and exit points based on trading rules.
Oh well – I’ll need to keep a closer watch on 5GN going forward.