Amphibiantrading

Pullback Buy in this IPO

Long
NASDAQ:GFS   GlobalFoundries Inc.
GFS is a young IPO that has finally formed its first proper base. The weekly chart shows tons of accumulation and a strong volume profile. This broke out of a 13-week 29% deep cup base and now has a tight weekly close. I will be watching this to hopefully pullback to the 21 ema. It may not happen, but if it does, I will be ready to pounce

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