Osborne820
Long

Very Strong buy Signal AND a Cup & Handle on Monthly Chart

NASDAQ:GLUU   GLU MOBILE INC
Monthly Cup and Handle spells big gains into year end. Very Strong buy signal just came through with a bullish cross of the Tenkan-sen through the Kijun above the cloud. Other indicators bullish as well with Stochastics about to cross back bullish and MACD in Bullish Territory. Good support shown after a small secondary was announced for acquisition purposes. Secondary at $3.50 to raise $30 Million was over subscribed. Acquisition news should be announced any day now and speculation that it is in RMG area after recent acquisition of Playfirst.
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