Weekly Chart Looks Good
Daily Chart Looks Better!
On the Daily...
Accum/Dist Turning Up - BULLISH
On Balance Turning Up - BULLISH
Stochastics Turning Up - BULLISH
RSI Turning Up - BULLISH
MACD Turning Up - BULLISH
Position: 50,000 SHARES
Looks like a buy to me at these levels:
- 1&2D Clouds have crossed bullish, 3D looking like its on the verge.
- Momentum is winding down, but I don't expect the price to react to much. Likely looking at a 2-3 week sideway/slight downward action.
- High to mid 11s would be my entry, if I don't just bite the bullet and scoop some this week.
- Upside looks good,...
Looking at the weekly chart, GULFPORT ENERGY CORP COM NEW - GPOR: NASDAQ - looks like it's ready to move higher.
It still needs to break resistance to the upside which I think could be somewhere between $13.50 and $15.50.
Looking at the chart, you can see the price moving up but as it moves up, the cloud / resistance level comes down and resistance moves lower...