AI
Thursday, October 06, 2016 10:49:02 PM
I am very bullish about this chart for a number of reasons.
MACD is about to enter the positive territory for the first time in over a year.
10MA has for the first time EVER crossed over the 50MA (a golden cross)
Weekly candles have been pushing the upper BB and soon we may see a candle fully extend above the upper BB (if this pattern continues)
RSI is approaching the "power zone" 70-100
TRIX is about to enter positive territory as well
Mix this with the launch of two new amazing products before the holiday season and I think this is a perfect storm.
Disclosure: I own GPRO call options.
This is not investment advice, do your own DD.
GLTYA
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