Zeev's Turnips Patch-No Politics (ZEEV)

[lee kramer]

Looking at the GFRE daily chart; a possible "w" or double bottom.

The stock was taken down hard the last week of April on very heavy volume. Maybe a "wash out" or capitulation day. A bit more than two weeks later down again, it held, but on less volume. This action is very typical of "w" bottoms, the right leg holding on less volume than the left.

Chart analysis, technical analysis can do nothing more than look at what was and "suggest" what may lie ahead. Not all "w" bottoms hold.

But the stock looks higher to me. A close below 2.80 would likely change my mind.