This board is TOO quiet....-gg-
I asked a well respected and savvy follower of TA for his opinion on GNLB, here are his responses:
Message 12003081
Message 12004052
the Snapshot chart and 'Dcipher' as of 11/19:
tscn.com
<<<GNLB was last traded at 4.125 on volume of 678,900. The stock opened for trading at 3.843 and has traded within a 17% with a low of 3.500 and a high of 4.125. 221% of the stock's thirty day average volume has been traded in the most recent session.
GNLB shows a very bullish trend with a strong positive divergence from its 200-day moving average line. Recent demand for the stock has pulled the share price of GNLB upwards. A moving average line describes the price trend of a stock over a specific period of time. With a move this large away from the 200 day moving average line, GNLB may be considered over-extended. Those seeking to invest in this stock for the long term may consider waiting for it to consolidate, or pull back before getting in.
A strong positive divergence from the 50-day moving average line confirms that GNLB is in a bullish uptrend. Monitor the stock's performance relative to this significant intermediate term indicator. The greater the divergence from the 50-day moving average line, the steeper the uptrend. GNLB may be considered overbought at its current valuation, so watch for some retracement before resuming its current uptrend. If the stock does pull back soon, then as it converges with its 50-day moving average line, look for it to bounce, or turn upwards. This will indicate strength for the stock and the resumption of its intermediate trend.
With a notable positive divergence from the 10-day moving average line, GNLB is in a short term uptrend. If the stock is also above the 50 and 200- day moving average lines, this uptrend may be considered long term, but the stock could currently be overbought. Understanding the relationship of a stock's price with respect to these three important indicators is an essential component of investing. Timing entry and exit points for an investment (in any time frame) relies heavily on understanding a stock's proximity to its moving average lines. If GNLB shows to be above its 10-day moving average line but is below either its 50 or 200-day moving average line, the stock may be reversing a downtrend or rallying in the short term. Volume is an important indicator to consider in conjunction with the moving average lines. The higher the volume for a stock when it moves above or below its moving average lines, the more significant this technical divergence is for investors.
GNLB shows to be in a strong uptrend and ranks as a strong performer with regards to long-term technical rank. The stock scores a substantial positive divergence from the 200 and 50-day moving average lines and a strong twelve and twenty-six week relative performance. GNLB has outperformed the broader markets in the last six months and shows long-term growth potential. GNLB is gaining long-term momentum.
GNLB scores a high short-term technical rank as measured by a combination of key short-term criteria. During the most recent five trading sessions the stock has posted significant gains and closed near the top of its daily range. GNLB shows momentum with its short-term technical ranking. The stock could continue with its recent momentum and further investigation of current news and events is warranted. A gain in short term technical rank for GNLB in the last five trading days tells of growing strength for the stock.
The above report is based on mathematical calculations and, as such, no investment decision should be based solely on its conclusions. Follow this link for the full disclaimer.>>>
My best,
T. |
