Posted On: 04/24/2014 9:02:26 AM
Post# of 56324
"No guarantees, and not to presume", as a stock trading mentor of mine is oft to say, but the daily (from a technical perspective) is still very much intact, and forming a flag right now.
The general rule on a flag (or pennant) formation is that the length of the run-up (flag pole) to where the stock price consolidates (flag) will be followed by a flag of near equal length when the stock price breaks above this consolidation.
The base of the flag pole is $0.0559; the centerline of the flag is ~ $0.0867
So, in the near term, this would portend a run to $0.1175
However, as with listed NYSE/NASDAQ stocks, ER beats, and positive forward guidances change the game....to the upside. Technically, when $0.1149 gets taken out it's nothing but BLUE SKIES.
GLTA
The general rule on a flag (or pennant) formation is that the length of the run-up (flag pole) to where the stock price consolidates (flag) will be followed by a flag of near equal length when the stock price breaks above this consolidation.
The base of the flag pole is $0.0559; the centerline of the flag is ~ $0.0867
So, in the near term, this would portend a run to $0.1175
However, as with listed NYSE/NASDAQ stocks, ER beats, and positive forward guidances change the game....to the upside. Technically, when $0.1149 gets taken out it's nothing but BLUE SKIES.
GLTA
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