Posted On: 09/24/2013 8:25:15 AM
Post# of 2561
GTXI Daily Chart ~ A Reversal Underway - Can the Gap to the Upside Be Filled?
Came across GTXI from the WSL guys, one of the more successful swing traders I've come to know. The stock is currently trending in a channel offering nice returns to those that are trading it. Although the FullSto is overbought, the MACDs suggest there's more to come for the upside. The current uptrend is seeing the stock riding the MA7/10 to higher levels since the bottom was put in at 1.31. Those of you familiar with Pivot Points know that a move to 2.60 is the current target. A break over that level could lead to the closing of the gap seen in mid August on the charts.
Came across GTXI from the WSL guys, one of the more successful swing traders I've come to know. The stock is currently trending in a channel offering nice returns to those that are trading it. Although the FullSto is overbought, the MACDs suggest there's more to come for the upside. The current uptrend is seeing the stock riding the MA7/10 to higher levels since the bottom was put in at 1.31. Those of you familiar with Pivot Points know that a move to 2.60 is the current target. A break over that level could lead to the closing of the gap seen in mid August on the charts.
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