Description
⋅ On the 30-minute chart, I see GNS as a Bullish Pennant on a high flag pole
in the big move yesterday with consolidation now. It is high in the VWAP
bands and so at risk for a reversal to the mean. Pennants more often than not continue
upside. To hedge, I have set two lines. If the price goes over the green line a
buy stop long will trigger into a market price. If the price drops below the pennant
height, a sell stop will trigger the short trade. One trade is on the other will not execute.
Ask if you want my suggestion as to stop losses and targets.
(EDIT - On the chart it is a flagpole not a flap pole !)