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Technical Analysis with chessNwine

chessNwine
Full-time stock trader. Follow me here and on 12631
Joined Apr 1, 2010
8,861 Blog Posts

The Wolf of 12631

chessNwine Thu Jan 16, 2014 11:36am EST 6 Comments

AAP Wolf on the prowl W

Chart request for 12631 member “THE_WOLF” here, asking about GLUU.

The heavily-shorted, low priced, high beta multimedia stock is sitting directly on a support trendline stretching back several months, seen below on the daily timeframe. Any further weakness puts the entire uptrend since last fall under scrutiny. I would use care in assuming the trendline will hold this time.

Earnings are February 5th.

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GLUU

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6 comments

  1. the_wolf
    the_wolf
    January 16, 2014 at 11:41 am

    thanks Chess

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  2. doughstream
    doughstream
    January 16, 2014 at 11:44 am

    I got stopped out for a 6% gain today.

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  3. thewolf
    thewolf
    January 16, 2014 at 11:50 am

    I thought I was being original when I picked my screen name

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