Breakout now at $92 1/2
First of all, I also want to say thank you very much to those who posted the info. over the weekend. Very nice. Very concise and compelling thoughts added as well, I was impressed.
I kind of expected there to be a lot of euphoria and rah rah, from a sentiment perspective that could be something to be a little cautious of if it gets too extreme for those cold-hearted unbiased types who have been burned all too often before getting all too giddy and emotional lol, as I said before what matters for the stock price is the collective market opinion as a whole, not just what the most ardent admirers think unfortunately! Hopefully, some of that enthusiasm will spill over some and not just be a temporary flash in the pan. In the market there are no guarantees, GNET has been known to turn on a dime, but it does look good right now I will say. Have a good week!
Here are the Sunday Securitytrader comments:
"One word, EXPLOSIVE on breakout... and very close to doing so... 92 1/2 is b/o... FEED before breakout!!!!!"
The accompanying chart shows a nice weekly candlestick put in with a long "tail" or "wick" bouncing up from the 200 day moving average, this is (usually) bullish according to ST. The blue lines drawn in are a small descending triangle pattern, a breakout of the top line slanting down from the Dec. and Jan. high is 92 1/2. That is where they derive this number from. (To me this b/o line looks a little bit lower than what they have shown, in any case, ideally IF this does bust out, high volume is important) |
