G3 VRM Acquisition Corporatin (GGGV) Stock Technical Analysis
NASDAQ:GGGV - Nasdaq - US3624251001 - Common Stock
We assign a technical rating of 6 out of 10 to GGGV. This is due to a decent performance in both the short and longer term time frames. Compared to the overall market however, GGGV is a bad performer.
GGGV has only a medium technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. A pullback is taking place, which may present a nice opportunity for an entry. There is a support zone below the current price at 10.13, a Stop Loss order could be placed below this zone. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
9.77
We found 1 important support area.
- A support zone ranging from 9.87 to 10.13. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 10.14 to 10.37. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 10.15 | 10.12 | 0.03 (0.31%) | 25.00% |
| An entry @10.15. This is a Buy Stop order right above the 10 day moving average. | An exit @10.12. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 0.03 points, which is 0.31%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.08%. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
NASDAQ:GGGV (7/6/2022, 8:00:02 PM)
10.13
0 (0%)