Since GEM has broken out from a base formation @ 6.62, it began a strong move cummulating to short term peak last Friday before falling sharply as naysayers doubts began to kick in. However technically this chart pattern has room to go..!
Who would have thought there is still a chance to stake this guy after it shot up so quickly to 14.80 last Friday? It was a low risk opportunity to accumulate as it dipped close toward 11.15 (horizontal support there) or 11.32 (61% fib retracement of the recent swing up) this morning!
Disclaimer: This is just my own analysis and opinion for discussion and is not a trade advice. Kindly do your own due diligence and trade according to your own risk tolerance. Thank you.
Who would have thought there is still a chance to stake this guy after it shot up so quickly to 14.80 last Friday? It was a low risk opportunity to accumulate as it dipped close toward 11.15 (horizontal support there) or 11.32 (61% fib retracement of the recent swing up) this morning!
Disclaimer: This is just my own analysis and opinion for discussion and is not a trade advice. Kindly do your own due diligence and trade according to your own risk tolerance. Thank you.
Comment:
oh man. I got out most of my positions around 220 (left a little for "sentimental value") :)