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Re: n4807g post# 644

Wednesday, 08/17/2011 10:59:20 AM

Wednesday, August 17, 2011 10:59:20 AM

Post# of 7747
I primarily swing trade on technicals, however checking company news, earnings reports, etc. is also a part of this.

This one is due for a price correction, and the technical indicators are showing strong bullish reversal signals here.

IMO it is ready for a price correction, we have already crossed the Parabolic SAR another strong bullish signal.

One more thing to keep an eye on are the long and short term moving averages (13 and 5 EMA).

Once these cross and we move above the center BB line the stock will almost certainly break out.

Also the gap needs to get filled, I would not be surprised to see it filled or starting to fill in by end if next week.

I look for .55 to .65 range by end of month.

GLTA.

We simply attempt to be fearful when others are greedy and to be greedy only when others are fearful.
WARREN BUFFETT

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