GSM will be an interesting short potential, if it testes its resistance at $11.47. We think it will decline after testing its resistance & it can fall as low as $9.88 * Trade Criteria * Date First Found- May 25, 2017 Pattern/Why- Potential short from Resistance Entry Target Criteria- Retest resistance at $11.47 Exit Target Criteria- $9.88 Stop Loss...
GSM is an interesting stock, with almost 70% short float and up 30% for the month. It's had several unprofitable quarters, but yet still pays 8 cent dividends. It certainly got a lift because of the president-elect Trumps plans to build/repair the nations infrastructure, bridges, etc.
see important notes first-stoc crossed-add good-percent r at top-mace crossed
A long term bearish trendline has recently been broken, and the downtrend seems to be reversing. Watching for price to break above the 200MA to go long and then wait for a golden cross.