Today I took a loss in GOL. I’ve traded this name in the past with success and failure. This trades failure hurt a little more though because I let it last. The trade lost me 5% of my position size,…
GOL Parent Wave 3 Setting Up
We have been following GOL since late March when Zortrades of StockTwits first flagged it in his post. All SST posts on GOL can be found here as well. I have been drawn to this stock because of its potential…
GOL Reaches Price Target
The target price of 13.25 was met today based on the break of a B wave triangle outlined in the last post and the prior chart markup below on May 6, 2011. An update to this prior markup below shows…
GOL Duration Period Update
Prior post on duration period for GOL outlined a rise in the stock of GOL from the first week of April to the first week of May for the past six years resulting in positive price motion and gains averaging…
GOL Parent Wave 2
GOL has great strength today. There are two scenario now with todays strength to look for from a technical basis. First, this current strength is the anticipated beginning of wave 3 of the trend. A very powerful move. This would…
Update To Elliott Wave Count For GOL Analysis
It got sloppy on April 20th with the S&P outlook downgrade (link) but the chart has still performed to expectations initiated about a month ago (link). The organized wave patterns projected were hard to follow. But in retrospect the completed…
GOL Correction S&P Outlook Downgrade
I’ve rebuilt a position at 13.28. Todays strength is great but I want to again establish my levels. Many things have recently played into the prior wave count and although not lost from a price projection standpoint, certainly the fluidity…
GOL Duration Period
Duration period always interests me. I’ve had some of my biggest gains lately on a combination of duration period analysis and Elliot Wave projections particularly in LEAP wireless. These correlations outweighed downgrades, bizarre price action and prior trends over a…
GOL Entering A Trade
In late March we started following GOL. Recently I exited a position started in the initial post as GOL broke 13.60 to protect some profits as well as determine if this downtrend would continue in a channel instead of the…
Trade Signal GOL_041211
Buy signal trading GOL- April 12, 2011* Trading signal for daily price bars Buy price: $13.37 Sell stop price: $13.10 LEVEL HIT -April 18, 2011 Short term profit level: $13.89 LEVEL HIT – April 20, 2011 Long term profit level:…
GOL Trade Update
GOL is still tracking nicely to the Elliott Wave count prior calculations. More on the initial count and post here. Initially we were looking for 13.88 to be our first price target of resistance shown in this prior chart. This…
A GOL Trade
Last night a potentially great trade for GOL was signaled by ZorTrades on StockTwits. This is a Brazilian airline play with upside. There was an Elliott Wave off the 3/10/11 low that looked like it was reacting well to the…