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Re: iwanderer post# 386376

Monday, 08/15/2022 8:26:34 PM

Monday, August 15, 2022 8:26:34 PM

Post# of 424687
This reversal was easy to see as it broke above the down trendline, accompanied by some very bullish synchronous TA events.



You mentioned you are holding 65kshares short. Holy moly...

Just because the stock has risen for 6 days (not 7) doesn't mean it will reverse on day 7 or 8 or 10. In fact, during spring market conditions, it is common to see 8-10 consecutive up days. Obviously 3,5,8 and 10 day reversals can vary widely based on momentum/accumulation patterns.

IMO, the chart above is very bullish and shows no sign of weakness. I'm expecting a sharp rally out of this squeeze pattern that takes prices to the Xtreme band around 1.80 before any stalling occurs

GLTU
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