GREY:CHALF - Post by User
Post by
Huhitchuon Sep 22, 2016 9:00pm
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Post# 25268590
Here's To Hoping The Week Closes >.35
Here's To Hoping The Week Closes >.35I've done this analysis for other stocks as I've been trying to formalize and track my analysis.
The HUGE gap up this week threw off my weekly analysis, but it's interesting to see that we've steadily trickled back down to our original Daily and Weekly Supports/Resistances.
I've been and underwriter in the past and studying markets for 13 years, below is my analysis for tomorrow/end of week.
| As of Close Sept 22 | | | | |
| Daily | | | | |
| Support | | | Resistance |
| Lvl 1 | 0.34 | | Lvl 1 | 0.4 |
| Lvl 2 | 0.29 | | Lvl 2 | 0.45 |
| Lvl 3 | 0.26 | | Lvl 3 | 0.53 |
| | | | | |
| | | | | |
| As of Close Sept 16 | | | | |
| Weekly | | | | |
| Support | | | Resistance |
| Lvl 1 | 0.29 | | Lvl 1 | 0.35 |
| Lvl 2 | 0.25 | | Lvl 2 | 0.385 |
| Lvl 3 | | | Lvl 3 | 0.4 |
| | | | | |
| Daily Outlook for Sept 23: | Trade between .34 and .29 | |
| | If Intraday <=.33, likely retest .29 support |
| | If Daily Close >.35, reaffirm Daily and Weekly .35 Support |
| | | | | |
| | | | | |
| Weekly Outlook for Sept 19-23: | Trade between .35 and .40 | |
| | If Daily Close <=.33, likely retest .29 support |
| | If Daily Close >.35, reaffirm Daily and Weekly .35 Support and retest .385 Resistance |
Overall, GLH really needs to close above .35 to reaffirm this daily and weekly support price otherwise we continue to trickle downwards. The opposite is likewise if we can close closer to .40, in which case, hopefully GLH can continue to trickle up.
Hoping the acitivty this week has been "closing the gap" and we can close strong tomorrow!
Happy Trading Everyone!