Stoch/RSI RSI as a stand alone technical measure suggests we are a couple points below overbought which leads me to believe we have room to test first resistance in the 80's. Correction will follow in next few days (week) without decent news. This will take us out of overbought (as nervous nellies dump) and GQC will channel or incline.
However Stochastics in combination with RSI (strongly suggested to interpret Stoch w/ RSI) has GQC oversold at present. Since Aug, 2012 -three prior overbought conditions have lead to corrections. Yes there's news, manipulation, market sentiment etc, to factor but just looking at Stock-RSI chart we are overbought now 3 days. Decent news needed.
MACD has us top bullish divergent over a good stretch (since mid Dec) suggesting we could channel or correct.
Oh for a few decent intercepts reported into an uptick market.
Based on the above I will be taking profit shortly and ride a core position.
Bullish on GQC over next few months.
GLTAL