wow nice move, GLUU is on watchlist as you know. Congrats
if you own it. here's my thoughts, see my chart for
details.
Basically today GLUU's highs stopped at the first target
resistance area. The pattern measures about a buck, which
would be to about $5. The first resistance band is from the
triangle high at $4.7 to $5. Then the next target if things really
got going would be the July highs at 6.
Also from a positive perspective, GLUU needs to hold up today
and not give all the gains back and form an inverted hammer
Newsletter
Subscribe to our email list for regular free market updates
as well as a chance to get coupons!
GLUU up 9.5% premarket
Posted by frtaylor on 23rd of Mar 2012 at 09:09 am
on Needham's analyst rating initiation of the stock with a strong buy. Target $8.
Target?
Posted by zwyss on 23rd of Mar 2012 at 11:07 am
Is someone holding GLUU?
What could be the target? 5.25$?
wow nice move, GLUU is
Posted by matt on 23rd of Mar 2012 at 11:16 am
wow nice move, GLUU is on watchlist as you know. Congrats if you own it. here's my thoughts, see my chart for details.
Basically today GLUU's highs stopped at the first target resistance area. The pattern measures about a buck, which would be to about $5. The first resistance band is from the triangle high at $4.7 to $5. Then the next target if things really got going would be the July highs at 6.
Also from a positive perspective, GLUU needs to hold up today and not give all the gains back and form an inverted hammer