iBankCoin
Don't pay dollar to keep 2 cents when wrong. Cut your losses quickly. Trade what you see, not what you think.
Joined Oct 26, 2011
719 Blog Posts

Bounce Alert for Aggressive Play

I like $GLUU here.

As you can see from the daily $GLUU chart below, it is bouncing off the  Andrew Forks mid-line  with two momentum indicators turning up.  While the downtrend line still needs to be broken to the upside to be even considered a possible trend change.  I’m playing this one more aggressively because I’m sensing a bounce here.

GLUU_daily

Below is the $GLUU weekly chart.

GLUU_Weekly

Last time I got into $GLUU, I bailed out too soon and missed the gap up later.  Will I catch the ride this time?

My 2 cents.

If you enjoy the content at iBankCoin, please follow us on Twitter