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GOEASY LTDGG

GOEASY LTD

95.6EURD
−0.3−0.31%
Last update at May 16, 21:03 GMT
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1ES trade ideas

GSY on TSX - a buyReason for Entering This Stock Today: This stock is currently showing strong bullish momentum across multiple timeframes. Here's my rationale for entering: Weekly and Daily Uptrend: The stock is trending higher on both the weekly and daily charts, confirming sustained strength in the bigger picture. I'm looking to align my trade with the dominant trend. Testing Key Anchored VWAP and Demand Zone: Price is testing an important anchored VWAP level and a prior demand zone, areas that historically attract buyers. This confluence of support strengthens the probability of a move higher. Intraday Structure: On the 30-minute timeframe, the stock is forming higher highs and higher lows, a clear sign that buyers are stepping in and maintaining control. This adds further confidence to the bullish setup. Trade Execution: I entered this position this morning with my stop placed at the low of the 30-minute timeframe, keeping my risk defined and manageable. Remember, trading is personal—pick your own stop level and adapt the trade to fit your own strategy and risk tolerance. This setup looks ready to go, and I’m eager to see how it plays out! Always trade with a plan and manage your risk effectively. 🚀
TSX:GSYLong
by AnotherBrian
1
A little more down, then watch for itI’m analysing GO Easy on the 30-minute time frame, focusing on three anchored VWAPs and several identified support levels. My expectation is for continued downside movement, with potential reversals at key areas of interest. I’ll be monitoring for a shift to higher highs at these levels before considering an entry. In the short term, I anticipate that price action may test support-turned-resistance (or resistance-turned-support) zones, possibly with a liquidity spike. Following this, I’ll watch for interaction with the downtrend line, looking for a breakout and retest. The longer-term outlook suggests the possibility of a cup-and-handle formation developing. However, in the short term, I’m focused on waiting for confirmation of a reversal on the 30-minute chart before making any trades.
TLong
by AnotherBrian
More gains to comeAs we approach earnings season for many equities, GSY is somewhat of a staple equity in CANADA. The necessary services that GOEASY provides for Canadians is and will continue to rise, as inflation proceeds to increase costs of goods and services. There are many people who need to take a loan which they may regularly be denied by financials, who can they turn too? Its quite unfortunate that its come to this where regular borrowing of finances is needed to just get by but its apparently so. This trend of borrowing will continue so long as high interest rates persist more and more people are unable to make enough income for necessary goods like appliances, home renovations etc. The cost of borrowing from GSY is quite high and although the Canadian govt capped the max interest rate that borrowers have on this loans are between 30-40%. We could say this company will continue to profit fundamentally. Fundamentally they are increasing their services and cater to people with delinquent or subprime loans which they can not go to any of the big banks for a loan which may include TD BANK, BANK Of NOVA SCOTIA to name the few.
TLong
by b58-nic0
GSY, GOEASY LTD. TSX, Topping OutLooking at GSY it has been trading inside a year long Price Channel that started in the middle of July of 2022. Most recently it had a nice run off of the Double Bottom as shown but once again is near the top of it's channel and likely to retrace. Both the RSI and MFI are again topping out and though it could potentially hit $129 in time for the next Quarterly Financial Report it would need to be Steller results to put it over the top and Breakout of this Channel. Not a lot of room here for the Risk/Reward Gains, unless it does make a bullish break and after a confirmation signal only then would it be potentially worthwhile to jump in.
T
by grahammk
Potential Swing Trade Upside in GSY.TOThis trade hasn't triggered yet, but could soon. There was an earlier entry near $30 on a consolidation breakout after the price had started to transition to the upside. Another entry may come if the price pulls backs and stalls out above the price low. Good fundamental story here as well. The stock is in a long-term uptrend as the company has been consistently growing earnings each year. As always, a trailing stop loss can be used instead of the target method.
TLong
by CoryMitchell-CMT