THE WALL STREET CLUB

[rheddle]

GERS - I would buy this in two phases. .0022 and .0023 being the target bid price for the mid bollinger band scoop. Might hit .0018 though, so takes your chances. Unlikely to go as low as .0018 and absolute bottom on this cycle would be .0016. Based on the huge candle day a few sessions ago starting at .0016, I wouldn't think there would be much (if anything) available at .0016. .0018 bids in IMO.

Mid BB seems to be providing support, but .0018 for the low and .0019's where I would have the shovel set.

Two charts below: