goo.gl I just bought some GOGO shares one minute before the closing bell of US stock market. Here's why:
1. Long-term uptrend. Trend line is my guide for direction of trade.
2. Double bottom.
3. GOGO stock price retraced to 61.8% Fibonacci level. Double bottom formed on that specific level!
4. A couple of bullish candlestick patterns are printed on that...
Gogo, a recent ipo, has been in a falling wedge pattern recently and broke above that trend today on large volume, even after an 11% gain, this stock still has more to go as this bullish pattern has been confirmed and should have continuation as time goes along, RSI is rising, volume is higher than average and MACD was falling but starting to curl up
GOGO finish fri 11/8/13 with a bullish engulfing pattern. this stock also reports this morning. the companies fundamentals support the charts. love the companies business direction.
