Sunday, February 09, 2014 10:49:57 AM
Charts for those that like TA
I used the 2hr chart for these to show the patterns a little better. The first chart shows a fib retracement from the last run with a very strong 50% pullback into support off the 20 period EMA. This is a very strong pattern and wreaks buy. The second chart is the same 2hr chart. A very strong flag pattern. You can see the large red candle wic down and push off of the 20 period EMA. this with a steady decline in volume and a descending stochastic is poised for a pop up with or without news. This is my second play in GLER
I used the 2hr chart for these to show the patterns a little better. The first chart shows a fib retracement from the last run with a very strong 50% pullback into support off the 20 period EMA. This is a very strong pattern and wreaks buy. The second chart is the same 2hr chart. A very strong flag pattern. You can see the large red candle wic down and push off of the 20 period EMA. this with a steady decline in volume and a descending stochastic is poised for a pop up with or without news. This is my second play in GLER
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