donniebrasco
Long

Trend in tack but at 2.85 fib resistance

AMEX:GIG   GIGPEAK INC
7 0 0
Using fib retracement from $3.42 to $1, it shows our resistance points $2.85, $2.50 and $2.22. Both $2.50 and $2.22 have proven to be solid bull resistance through 2016. 2.85 needs to hold to keep trend in tack. If fib retracement holds true, GIG will shoot past $3 mark and hit resistance in 3.4 range. I'm expecting some floating around 2.85, possible retracement to 2.5, but eventual rise over $3.

GIG has beat on earnings 5/6 earnings since going positive, with the 6th meeting expectations. Don't miss this one!
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