We assign a technical rating of 6 out of 10 to GIM. GIM has been a bad performer in the overall market. Some doubts are observed in the medium term time frame, but recent action was again very positive.
GIM has only a medium technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 4.48. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 4.45, a Stop Loss order could be placed below this zone.
Given the decent technical rating and the setup score, we can suggest the following trade.
|An entry @4.50. This is a Buy Stop order right above the resistance zone.||An exit @4.39. This is a Stop Loss order right below the 10 day low.||The trade has a worst case loss of 0.11 points, which is 2.44%.||For a 0.61% total portfolio risk, you can invest 25.00% of your capital in this trade.|
NYSE:GIM (2/1/2023, 7:16:47 PM)+0.03 (+0.68%)
|2 Weeks||0.68%||1 Month||3.47%|
|3 Month||7.71%||6 Month||-6.29%|
|ATR Inc||10.18%||Range Today||0.08|
|ST Trend||LT Trend|
|10 Day High||4.5||10 Day Low||4.4|
|20 Day High||4.5||20 Day Low||4.22|
|52 Week High||5.17||52 Week Low||3.97|
|CS1 End||4.45||CR1 Start||4.48|
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