Posted On: 07/09/2014 9:16:31 AM
Post# of 777
GWPH Chart: GWPH gapped lower @ the open on Tuesday & closed below the 20 DMA @ 90.78 for the 4th day down in a row..........
Fast Sto @ 13.08 & now at oversold levels......Slow Sto & RSI broke through the 50 bull zone and are now both in the 40's..........MACD Bearish Crossover..........TRIX starting to curve down.......ADX w/ +DI & -DI shows +DI ready to collide w/ -DI........Accum/Dist shows profit taking........CMF Bearish divergence..........Coppok Curve is now curving down...........Parabolic SAR Bearish flip............Volume Spike.............(that's volume after 4 days down and a gap lower).............
The gap lower open and the volume spike are two early bullish reversal signals.......they are just ingredients to the recipe and are merely pieces to the puzzle........a green candle or Doji is needed today to form the bullish reversal pattern...........GWPH should find support in the 20 DMA support zone........if support does not hold the 50 DMA @ 78.13 will be on deck........GWPH is gapping higher premarket.........we'll be looking for a Bullish reversal pattern to form today.........................$$$
http://stockcharts.com/h-sc/ui?s=GWPH&p=D...0529359671
Fast Sto @ 13.08 & now at oversold levels......Slow Sto & RSI broke through the 50 bull zone and are now both in the 40's..........MACD Bearish Crossover..........TRIX starting to curve down.......ADX w/ +DI & -DI shows +DI ready to collide w/ -DI........Accum/Dist shows profit taking........CMF Bearish divergence..........Coppok Curve is now curving down...........Parabolic SAR Bearish flip............Volume Spike.............(that's volume after 4 days down and a gap lower).............
The gap lower open and the volume spike are two early bullish reversal signals.......they are just ingredients to the recipe and are merely pieces to the puzzle........a green candle or Doji is needed today to form the bullish reversal pattern...........GWPH should find support in the 20 DMA support zone........if support does not hold the 50 DMA @ 78.13 will be on deck........GWPH is gapping higher premarket.........we'll be looking for a Bullish reversal pattern to form today.........................$$$
http://stockcharts.com/h-sc/ui?s=GWPH&p=D...0529359671
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