gamer456148
Long

GENE: Last Breakout was Crazy, High Volume Pop?

NASDAQ:GENE   GENETIC TECHNOLOGIES
GENE is one of those stocks that had support pickup for volume which lead to a really big breakout. The selloff was as bad, given many people getting excited can leave just as quick. I'm not sure I would consider it far enough evidence yet for market manipulation. That being said, even with lots of the resistance it has been receiving, I think it has potential for a positive retest. I would rate this as mid risk, but think that bullish correlations can push this past the $7 price point quite soon. That being said, please do your own due diligence. Invest at your own risk. Everything I say is on an opinion based basis.

Comments

i agree. ive been adding on anything under 4. looking for 7 possibly
+1 Reply
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