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

Zen hunts $GLUU for breakfast

$GLUU looks like it is repeating price action movement of early April.  A dip below base line of $2.75 and a bounce back to the upside. Meanwhile, the 79 moving average line is trending up slowly.

Take a look at the chart below:


Both momentum indicators are also pointing up.

I bought a starter position and added more afterward.

I like to see price heads back up to the last pivot high of $3.25.   Not expecting a big move, hence breakfast only.

My 2 cents.

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