$Gildan Activewear (GIL.US)$ The risk associated with tradin...
$Gildan Activewear (GIL.US)$ The risk associated with trading GIL is considered low to moderate due to its strong financial health and profitability. The firm exhibits consistent past performance with solid earnings reports and a strategic financial position demonstrated by its cash flow management and asset handling. However, the lack of significant news catalysts and limited sector appeal add some risk layers, requiring careful monitoring. Volatility remains manageable, supported by a comprehensive understanding of support and resistance levels. For cautious traders, the stock's metrics align better with low-risk profiles, although current market sentiment warns of a limited short-term price surge. Based on a comprehensive evaluation, GIL represents a promising swing trade opportunity, meeting the necessary criteria for engaging in a trading strategy with calculated risk and strong profit potential.
Support and Resistance Levels
Current Resistance Level: Approximately $48.00, close to its 52-week high, suggests limited expansion without a breakout.
Immediate Support Level: Identified at $38, offering a solid base with signs of strong consolidation and historical price retesting.
Breakout Point: The stock shows a key breakout near $46, highlighting a pivotal zone where historical price peaks occurred.
These levels play a critical role in decision-making for traders, indicating significant price action zones and potential reversal points.
Current Resistance Level: Approximately $48.00, close to its 52-week high, suggests limited expansion without a breakout.
Immediate Support Level: Identified at $38, offering a solid base with signs of strong consolidation and historical price retesting.
Breakout Point: The stock shows a key breakout near $46, highlighting a pivotal zone where historical price peaks occurred.
These levels play a critical role in decision-making for traders, indicating significant price action zones and potential reversal points.
Entry Consideration: $49.00
Exit Consideration : $53.00
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#unprofitable part time trader trying to make breakeven money aiming for consistent 5- 💯% or little more/trade.
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