IMO
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We chartists are well aware of catalysts..none are in progress..so if this drops don't be surprized..exactly what the chart says~`
As we all know GTAT either goes way up or way down... with the DTR looming down side could be sizable~~
Why I say we can't have follow through is we need a catalyst..I see none @ this time~~
not unless you see follow throu
You couldn't explain why this is not a DTR setup making my theory more not only more believable leaving yours totally invalid @ this time..you sir have nothing to back up that this is running to 30$
If not explain why not?
Today could be,I say could be Double Top Reversal
The Double Top Reversal is a bearish reversal pattern typically found on bar charts, line charts and candlestick charts. As its name implies, the pattern is made up of two consecutive peaks that are roughly equal, with a moderate trough in-between. Note that a Double Top Reversal on a bar or line chart is completely different from Double Top Breakout on a P&F chart. Namely, Double Top Breakouts on P&F charts are bullish patterns that mark an upside resistance breakout. "TODAY TOTALLY BE AWARE OF THIS" people need to understand that paid interests may be pumping and dumping. Inside interests are well aware the contract with Apple could fall apart..Hope it's not but promotions and the lack of solid hard core news tells me different ..proof will be what happens after it closes @ or near to 19.50..next few days should tell us if it holds or looks like the Gillette chart~~ http://stockcharts.com/school/doku.php?id=chart_school:chart_analysis:chart_patterns:double_top_reversal
Well said~~
Let me remind you..this is no pink or OTC..cheer leading will only get people in trouble here~`..right now this is running on pure speculation nothing else...another thing The Double Top Reversal is a bearish reversal pattern typically found on bar charts, line charts and candlestick charts. As its name implies, the pattern is made up of two consecutive peaks that are roughly equal, with a moderate trough in-between. Note that a Double Top Reversal on a bar or line chart is completely different from Double Top Breakout on a P&F chart. Namely, Double Top Breakouts on P&F charts are bullish patterns that mark an upside resistance breakout.
Question is who many failures until he puts up the white flag?
Double Top Reversal
The Double Top Reversal is a bearish reversal pattern typically found on bar charts, line charts and candlestick charts. As its name implies, the pattern is made up of two consecutive peaks that are roughly equal, with a moderate trough in-between. Note that a Double Top Reversal on a bar or line chart is completely different from Double Top Breakout on a P&F chart. Namely, Double Top Breakouts on P&F charts are bullish patterns that mark an upside resistance breakout.
Never ever ever hold a stock long term unless it has a dividend (GTAT doesn't have any) or you protect those long shares..by trading them short term up or down against a support and or when it is overbought or oversold ..never be shy to take a profit..always make it your goal to hold those shares free..~~~~as of now 15.00 is upper support ( the closer you get to earnings this line will be broken) ~~ bottom support of 12.75( which more than likely won't hold due to being so far from earnings)I'd look for 11.50 or lower (the box is the bottom of that gap..as you can see we have been in a downward trend since hitting the top twice @ 19.50 area..it didn't close @ the top~~~ that's why i expect it to come back this quarter..~~thing is finding bottom..also we have a gap down in the 9.00 area keep that in mind to if the markets go haywire~~
I wait till its overbought and up against a support..i don't usually go over a month out.. nothings in the money till ya get to dec.
Sure do~~~ 300 -400% so far ~~ sure aint scare to short this either~I'll give m time..
If your confident this will keep going up..pin my post on the DTR
Don't get overbought.. protect those long shares and just be aware..don't be lead down a blind tunnel
I wouldn't get to convinced this blows by the $19.00 again..here's why~~ http://stockcharts.com/school/doku.php?id=chart_school:chart_analysis:chart_patterns:double_top_reversal
its under the 100sma don't get to hyped 200 sits a 10.59..but I expect it bottom soon 12.75 area..yes it was way-over-priced..like i said
in three months~~ should hold in those middle gap areas
Like I said on 4/15 this is going in the $13. area ..top gap should close today~~yes add some in the 13. area but have a backup plan for earnings..I always go in with puts to protect those long shares..link back for chart
Can't seal a deal because the precious metals are in such a state of volatility..I sure wouldn't show up~~
Last time it fell through wkly Sar took two weeks to get out...could i say could fall to the 13.00 area before its all said and done..still holding tight since .63 avg.http://finance.yahoo.com/q?s=GTAT140419P00018000
Needs to break and hold 17.50-17.66 area for further uptrend~~
you should be ok..just hold off for a lower price or short to protect those long shares when the time is right..right now its better to be neutral IMO
Nope..could go either way Monday( getting a tad oversold). I see no new top in the foreseen future "unless we get a catalyst"~~As for gap #3 ($15.00 area)it hasn't been filled yet..candle needs to close @bottom or below that price..another gap in (13.25 area) hasn't been closed either..I expect those two gaps to be closed in this QTR ~~For the bottom gap of ($9.00)not yet..I see a good solid Dbottom forming first~~Note the date on the chart~~
As everyone should know..stocks just don't go straight up and stay up.. A lesson can be learned next time GTAT hits another 52wk high..(which is highly unlikely unless some news pushes it this QRTR..always always after a week or so of a 52 wk high when you see a bigtime gap up to form a:( Double Top Reversal is a bearish reversal pattern typically found on bar charts, line charts and candlestick charts. As its name implies, the pattern is made up of two consecutive peaks that are roughly equal, with a moderate trough in-between. this was a classic move on GTAT .. Still holding every share I bought in the 9.00 area...which now are free.. Why because I trade the chart not the hype.. use the chart for advantage to short every-time this is overbought..not because I think it doom and gloom time..right now it could go either way but I'm always stay on the side of momentum till it changes~
those calls look like the puts few days ago..i grabbed some more again...lets see if it holds the day
man oh man ...no catalysis yet.. but nice to see the upside..but to trust yet or not~~could be DTop
Third worst investment of the year..COPPER http://qz.com/193931/bitcoin-looks-like-the-worst-investment-in-the-world-this-year/
I stand by what I said...no new next cycle up not matter what kinda prime you have~~
I was trying to wait till the 18.25 area but this looks good here
make that 18's...if drops more here..looks like 16.00 then I'll see if it goes after the bottom of the gap..which I call gap#3
14 's for me to protect my long shares..we could go as low as 15.00~~ right now 16 is support