Posted On: 07/12/2014 7:21:15 PM
Post# of 777
GWPH Weekly Chart: 2 weeks ago I posted GWPH formed a Bearish Shooting/Evening Star Reversal pattern on the weekly chart.........last week a red candle formed and confirmed the pattern........GWPH closed down 13.42% for the week........always keep an EYE out for an Inverted candle & a Gap Higher Open after multiple green candles............classic reversal pattern after a big run and easily identifiable........GWPH held the 7 DMA @ 85.73..........that is the 1st support level on this chart...........the 10 DMA @ 80.47 is the 2nd support level.........as long as GWPH continues forming candles above the 20 DMA @ 71.04 the Up Trend should continue...........$$$
[chart]stockcharts.com/c-sc/sc?s=GWPH&p=W&yr=1&mn=0&dy=0&id=p90738991360[/chart]
[chart]stockcharts.com/c-sc/sc?s=GWPH&p=W&yr=1&mn=0&dy=0&id=p90738991360[/chart]
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