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GTRONIC: Falling Knife or Buying Opportunity?

GTRONIC: Falling Knife or Buying Opportunity?

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KingKKK
Sep 11, 2024
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KingKKK’s Substack
KingKKK’s Substack
GTRONIC: Falling Knife or Buying Opportunity?
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Overall:

Given the current technical outlook, the likelihood of an immediate upward reversal is quite low. The stock may experience a minor rebound, but the dominant trend remains bearish.

Downtrend Confirmation:

The stock is in a significant downtrend, with the price well below the 50-day, 150-day, and 200-day moving averages. This is a strong bearish s…

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