After commenting in my previous post that downside momentum was begining to wane for shares of GSAE, the price made a new intraday low today, but bounced back handsomely to close up 3% in an otherwise miserable market.. Traders should now take a "long" position in this company as further gains are likely. We are likely to see a retest of the $2.95 to $3.00 resistance level in the coming days resulting in a very hansome profit for nimble traders.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.