Post by
trader2day on Jan 09, 2014 9:03am
History repeats with a new twist this time.
Looking back 5 years the stock rose from the .30's to over $1 in 3 months
The first leg up using candles shows the current pull back is not over 50% this is great news. meaning a bullish contuation pattern will follow matching the 2009 first leg up
Second leg on the next month historicaly shows it hits a high of .80 cents from the 50's
and the 3rd leg the 3rd and final month the stock continues rising to a high of 1.08 dropping back to mid 60's and rising to the .90 level where it then will start the decline ( sell off )
The first leg up now has clearly been defined and over the next 3 months we will see 2 more legs up which as one poster calculated a price of 1.47 for his low ball price and 7.35 for his high ball price. Where this one ends up is anyones guess. accumulating now i am. GLTA here holding
Comment by
oneinvestor on Jan 09, 2014 9:07am
Pretty good read! I like it and am on the BUY TODAY! GLTA