First gance in daily GSX chart may shown the stock is in the down trend, but a good trader will notice the pivotal point at about 2.40 with strong volume.It set the turning point for GSX, GSX is set to turn bullish from here and very unlikely to continue the bearish trend. Yesterday white candle just confirm the bullish trend. Good trader will jump into the trade from here !
Just like APPA , I am accunulate the share and patiently let the bullish trend unfold ifself to my min 100% profit target.
Pivotal points are always accompanied by a heavy increase in volume, a climax of buying which is met with a barrage of selling.
2 comments:
From Yahoo GSX messages:
Jimmy! You're the man! Great post! Go GSX!
Jimmy,
I'm overweighted GSX in my portfolio. I had cash and underestimated how far the bottom would drop out. Rkymtngeo (Rocky), the board guru (who doesn't post when he has a position) also WAS overweighted, but he recently bailed at about this price. So it's a crazy game, these stock markets, and Rocky couldn't take the heat. I like the mini saucer bottom from the last two days. And I like the authority of your blog/post! Still waiting to hear Rocky's reasons.
Bullwinkle.
From Jangler Yahoo Stock msg
And furthermore, this is such an excellent post & topic that it deserves many a reply so that it can get phat in the new motley Yahoo message board format. You're the man Jimmy! You've called it clean. Huge volume, that was the bottom of the tumble, I'm with ya. I hope that Rocky and his counterpart Unik on the investorvillage board are missing the train. I know something about bottoms in NG stocks. I bought WMB at $1. It's not easy and not without downside risk. (Don't ask where I sold it - thanks.)
Post a Comment