Grocery shopping in Consumer Defensive Sector

Start trading
Updated: 29 January 2020

$GO (Grocery Outlet Holdings) is an interesting IPO of the last summer that currently has shown a constructive price action. We are trading inside a short-term channel and the last push that made a new recent high is having a pullback. We are expecting the 50 moving average along with the fibs to hold the price near 32 area so we can have a trade. Make sure you have a reaction in the mentioned zone otherwise; we can watch it for another opportunity around 31-31.50.

Earnings estimated on 10th of February – (

Join our Telegram Chatroom to ask me questions|

Remember: These are not trade recommendation to buy or sell securities. Always do your own due diligence and trade at your own risk.

Never chase a trade once it is too extended from the entry zone.

Never risk more than 1% of equity per trade.

Happy Trading!