InvestorsHub Logo
Followers 331
Posts 4031
Boards Moderated 0
Alias Born 05/17/2011

Re: jim1234 post# 883

Sunday, 07/01/2012 12:16:59 PM

Sunday, July 01, 2012 12:16:59 PM

Post# of 1452
GV appears to be a strong bull market at the moment. There is evidence however, that there could be a run up in price followed by a sell off on Monday and/or Tuesday. Not guaranteed of course that would depend upon the buying and selling activity early next week but, it would not surprise me to see a key reversal day on one of those two days (most likely Tuesday if it happens at all). There should be a tendency for a significant price correction that will drop to the 200 day MA filling the gap left between $0.70 and $0.90 and to test support there. That would be normal for a stock that has recently crossed the 200 day MA and did not immediately retrace and find support there before heading higher. If not early in the week, then we may see the start of a price correction perhaps on Thursday or Friday. Just my 2-cents.
Join InvestorsHub

Join the InvestorsHub Community

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.